Analyst DonAlt predicts a surge in altcoins if an Ethereum spot ETF is approved.
Impact on Bitcoin and Ethereum
DonAlt believes an Ethereum ETF could reduce inflows to Bitcoin but boost Ethereum and underperforming altcoins.
Potential Altcoin Beneficiaries
The analyst highlights Pepe (PEPE) as an altcoin poised for a breakout if an ETF is approved.
Market Reaction
The crypto market rallied after reports of a 75% chance of an Ethereum ETF approval.
Analyst’s Outlook
DonAlt anticipates a significant market boost from an Ethereum ETF, leading to a surge in speculative trading.
Disclaimer
This article provides opinions and should not be considered investment advice. Investors should conduct thorough research before making any investments.
