Will the Ethereum ETF cause the next altcoin rally?

Cryptocurrency enthusiasts, have you heard? Ethereum (ETH) may be leading the next altcoin rally!

Well-known cryptocurrency analyst Michael van de Poppe boldly predicted that as long as the ETH/BTC trading pair remains above 0.05, the price of Ethereum against the US dollar may surge in the short term!

do you know? Despite the recent price volatility of Bitcoin (BTC), Ethereum has shown great resilience. Poppe believes that the impetus behind this may be related to the upcoming Ethereum ETF. Institutional investors are likely to flood in once the ETF is approved, and Ethereum's low stock-to-flow and deflationary nature may make its impact more significant.

Looking back at history, we will find that altcoins usually show weakness in the first half of the year, but tend to experience strong growth starting in June. Chainlink is a clear example, which has achieved significant value addition in the past few years. Now, Ethereum and its ecosystem projects, such as Arbitrum and Optimism, are poised for a similar rally.

What’s more, the altcoin industry has attracted significant attention from institutional investors. Canada’s Solana ETP is a clear example of how institutional investors are gradually entering the altcoin market. At the same time, there could also be a major reversal in Bitcoin’s dominance, which would further boost the altcoin market.

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