Ethereum ETF Approval Could Fuel Altcoin Rally

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.