Analyst Breaks Down Top Cryptos by Market Cap Bitcoin (BTC) and Ethereum (ETH) Post-ETF Approval

Crypto analyst Michaël van de Poppe is weighing in on the top two cryptocurrencies by market cap, Bitcoin (BTC) and Ethereum (ETH), following the approval of spot Bitcoin exchange-traded funds (ETFs) in the US. Van de Poppe predicts that BTC will stabilize after the initial rally caused by the news, allowing ETH to experience its own surge. He expects ETH to reach the $3,000-3,500 range and anticipates a bullish market for altcoins as well. Van de Poppe’s analysis of the Bitcoin Dominance chart supports his view that BTC will cool off while ETH gains momentum. BTC is currently trading at $44,413, down 5% in the last 24 hours. Van de Poppe predicts that ETH’s upcoming rally could push the smart contract platform to the $3,500 range. He also suggests that the possibility of an ETH ETF will dominate discussions in the crypto community over the next two months, following the previous focus on a BTC ETF. ETH is currently valued at $2,642, representing an 18% increase in the past week.