Crypto strategist Michaël van de Poppe believes that Ethereum (ETH) is on the verge of experiencing a significant shift in trends. Van de Poppe predicts that the U.S. Securities and Exchange Commission (SEC) will not approve pending applications for spot Ethereum exchange-traded funds (ETFs) in the coming weeks. He sees the SEC’s decision as a turning point for ETH and the cryptocurrency market as a whole. Van de Poppe’s chart analysis suggests that ETH may initially drop below $2,700 but will eventually rally to $3,800.
Van de Poppe also highlights the potential of other altcoins. He expects AIOZ (AIOZ) to maintain its bullish momentum as long as it stays above $0.65, with a potential target of $1.35-1.45. He believes that Arbitrum (ARB), an Ethereum scaling solution, is close to reaching its bottom around $0.90. Lastly, he mentions Verasity (VRA), the native asset of a video-sharing blockchain, which is currently in a downtrend but may find support at $0.004.
Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets.
