Crypto analyst Michaël van de Poppe is predicting a big moment for Ethereum (ETH) and a potential rally for a layer-1 altcoin. Van de Poppe believes that the upcoming decision by the U.S. Securities and Exchange Commission (SEC) regarding pending applications for spot Ethereum exchange-traded funds (ETFs) will be a pivotal point for ETH and the overall market. He expects ETH to initially plunge below $2,700 before reversing and rallying to $3,800.
In addition to ETH, Van de Poppe also mentioned the layer-1 crypto project AIOZ (AIOZ) as a promising asset, with a potential target range of $1.35-1.45 if it can hold the $0.65-0.68 level.
Van de Poppe also indicated that the Ethereum scaling solution Arbitrum (ARB) may be close to carving out a bottom, with a potential bottom at around $0.90.
Lastly, Van de Poppe discussed the native asset of the video-sharing blockchain Verasity (VRA), which is currently in a downtrend. He believes that VRA may find support at $0.004, as it has done in the past.
Please note that these are predictions and should not be considered as financial advice.