Ethereum

<p>Well-known crypto expert Michaël van de Poppe (@CryptoMichNL) made a post on X about how Ethereum ETF could affect the broader altcoin market. The crypto community is debating whether altcoins will continue their struggles or be ready to make a comeback. Van de Poppe has a different view, saying the Ethereum ETF could be an important, but undervalued, factor for the market.</p>
<h2 class="wp-block-heading" id="strong-the-underappreciated-ethereum-etf-strong"><strong>The Underappreciated Ethereum ETF</strong></h2>
<p>Unlike the much-talked-about Bitcoin ETF, the Ethereum ETF hasn’t gotten much attention or hype. Van de Poppe argues this lack of attention could be a mistake. He thinks the Ethereum ETF might have a bigger percentage impact on its underlying asset than the Bitcoin ETF.</p>
<p>The analyst points to several factors supporting this view:</p>
<ol>
 <li>Ethereum’s lower stock-to-flow ratio compared to Bitcoin, due to staking and its deflationary mechanism.</li>
 <li>Ethereum’s role as a compliant settlement layer and foundation for the Web 3.0 ecosystem.</li>
 <li>The potential for accelerated growth if Ethereum breaks through the 0.06 BTC level.</li>
</ol>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Will the Ethereum ETF kickstart Altseason?<br><br>The primary question of the markets is whether or not the strength of the <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#altcoins</a> are coming back through the Ethereum ETF or that the altcoins are death.<br><br>If you’d ask anyone, probably the latter is the conclusion as the downwards… <a href="https://t.co/76Ll9yLa9t" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/76Ll9yLa9t</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1806697286509973520?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-ecosystem-effects-and-market-cycles-strong"><strong>Ecosystem Effects and Market Cycles</strong></h2>
<p>Van de Poppe extends his analysis beyond Ethereum itself, suggesting that a strong performance from ETH could have a ripple effect throughout its ecosystem. Projects like Arbitrum and Optimism could see reversals as increased usage drives liquidity and developer activity to the Ethereum network.</p>
<p>The analyst also points to historical market cycles, noting that altcoins often experience weakness in the first half of the year before gaining momentum from June onward. He cites Chainlink’s performance in 2022 and 2023 as an example, where the asset saw gains of over 150% in its BTC pair from lows in May and June.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/ripple-finally-breaks-out-of-year-long-resistance-analyst-predicts-240-price-surge-for-xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple Finally Breaks Out of Year-Long Resistance: Analyst Predicts +240% Price Surge for XRP</a></em></strong></p>
<h2 class="wp-block-heading" id="strong-macroeconomic-factors-at-play-strong"><strong>Macroeconomic Factors at Play</strong></h2>
<p>Van de Poppe doesn’t ignore the broader economic context, discussing the potential impact of Federal Reserve rate cuts and declining Treasury bond yields. He argues that these factors, combined with weakening economic data in the U.S., could set the stage for a reversal in the crypto market, benefiting Bitcoin, Ethereum, and the wider ecosystem.</p>
<p>Despite current market sentiment and downward pressure on altcoins, van de Poppe maintains a bullish outlook. He expresses confidence in his strategy and thesis, viewing the current correction as an opportunity rather than a cause for concern.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/will-the-ethereum-eth-etf-kickstart-the-long-awaited-altseason/" rel="noopener noreferrer nofollow">Will the Ethereum (ETH) ETF kickstart the Long-Awaited Altseason?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Will the Ethereum (ETH) ETF kickstart the Long-Awaited Altseason?

Table of Contents

CaptainAltcoin

Other articles published on Jun 28, 2024

AVAX Price Increases with Potential ETF Rumors

Binance Listed Popular Altcoin Announces New Collaboration with Alibaba, Price Reacts Positively!

Turning Tables: SEC Sues Consensys

Top Crypto Presale in June 2024: Investors are Dumping Internet Computer Protocol and Cardano for...

DOGE Fan Elon Musk Turns 53, Here’s How “Dogecoin Day” Fits Into This

Lido Dao defies altcoin market trends: Will LDO’s uptrend continue?

Join our free newsletter for daily crypto updates!