My lovely people, get ready because today's gossip is on fire and has us on the edge of our seats! A well-known crypto analyst, Michael van de Poppe, dropped a bomb that could change the game! 🤯 He says that Ethereum (ETH) and the entire altcoin market are about to take a giant leap! Imagine ETH reaching $3,000! 🤑
Now, the thing is that this forecast is tied to an unexpected factor: Gold! 🥇 Van de Poppe explained in a post that if Gold manages to overcome a key resistance of $3,365, things will look good for cryptos. According to him, Gold has already taken liquidity above two significant highs and is ready for a possible breakout. If it fails to pass that barrier of $3,365, Gold could drop to $3,200 or even $3,080. And you know what? If Gold goes down, that could mean the end of a long correction and give a boost to the appetite for risk in altcoins, especially in Ethereum! 📈
At the time of writing this, Gold was at $3,384, a little bit down. But the curious thing is that altcoins are already showing strength. It's like they know something we don't! 😉
Watch out! Ethereum is performing stronger than Bitcoin (BTC) itself. While BTC barely rose by 0.4%, ETH skyrocketed by 1.7%. That's a sign that people are investing in altcoins! Others like Solana (SOL), XRP, and Dogecoin (DOGE) also had their upticks, so the atmosphere is heating up. 🔥
Ethereum has already bounced from $2,400 to $2,510, and Van de Poppe doesn't think it's a coincidence. For him, it's a clear sign that money is rotating towards altcoins. And the goal is to reach $3,000! For that, ETH needs to break the $2,650 mark, which has been a tough resistance. If it succeeds, we could see it at $2,850 and, bam!, straight to $3,000. 🚀
Additionally, Ethereum whales (those who hold a lot of ETH) are still accumulating! Whale transaction volume increased by 3.72% in 30 days, and they now hold about 1.49 million ETH. That shows they're not giving up on this coin! 💪
And if that weren't enough, the altcoin ETF frenzy is coming to the U.S.! Several large companies, like Franklin Templeton, WisdomTree, and Bitwise, have requested permission to launch spot XRP ETFs. Polymarket, a prediction platform, gives an 83% chance that the XRP ETF will be approved in 2025! There are also applications for ETFs for Solana, Dogecoin, and Litecoin (LTC). 😮
Although the SEC has taken its time to review these applications, Bloomberg analysts have already predicted that these altcoin ETFs could be approved in the last quarter of the year! So stay alert, because 2025 promises to be a year full of surprises for the crypto world! $ETH $SOL $DOGE
