- Crypto strategist Michaël van de Poppe has predicted a significant trend shift for Ethereum (ETH) in the coming weeks.
- Van de Poppe suggests that the U.S. Securities and Exchange Commission’s (SEC) decision on pending Ethereum ETF applications could be a pivotal point for the altcoin.
- He also shares his insights on the future performance of AIOZ, Arbitrum, and Verasity.
Michaël van de Poppe, a renowned crypto strategist, anticipates a major trend shift for Ethereum, influenced by the SEC’s decision on pending Ethereum ETF applications. He also provides insights on AIOZ, Arbitrum, and Verasity.
SEC’s Decision on Ethereum ETFs Could Trigger Trend Shift
Michaël van de Poppe, who commands a following of over 717,600 on social media platform X, believes that the SEC’s decision on pending Ethereum ETF applications could be a game-changer for the altcoin. The SEC is expected to approve, delay, or deny the ETH ETF applications by financial giants Hashdex and Ark 21Shares on May 30th. Van de Poppe predicts that this decision could mark a turning point for Ethereum, hinting at a possible price plunge below $2,700 before a rally to $3,800. At the time of writing, ETH is valued at $2,920.
Van de Poppe’s Predictions for AIOZ, Arbitrum, and Verasity
Van de Poppe also shared his insights on other crypto projects. He expects AIOZ, a layer-1 crypto project, to maintain its bullish momentum as long as it trades above $0.65. He also believes that Arbitrum, an Ethereum scaling solution, is nearing the end of its correction phase, predicting a bottom out at around $0.90. Lastly, he suggests that Verasity, a video-sharing blockchain, is in a full-blown downtrend and may find support at $0.004.
Conclusion
Van de Poppe’s predictions highlight the potential volatility and trend shifts in the crypto market, particularly for Ethereum. As the SEC’s decision on Ethereum ETFs looms, it could be a pivotal moment for the altcoin. Meanwhile, AIOZ, Arbitrum, and Verasity also show varying trends, underscoring the dynamic nature of the crypto market. As always, investors are advised to conduct their due diligence before making any investment decisions.
