Crypto Analyst Updates Outlook on Altcoins and the Potential of an Ethereum (ETH) ETF Approval This Month

　　A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle.

　　Crypto trader na si Michaël van de Poppe nagsasabi his 717,300 followers on the social media platform X that altcoins are waking up as Bitcoin (BTC) hovers near $61,000.

　　Ang BTC ay nagkakahalaga ng $60,933 sa oras ng pagsulat, bumaba ng 2% sa araw.

　　Looking specifically at the altcoin Arbitrum (ARB), the analyst palagay the ETH layer-2 protocol is near the end of its full correction.

　　Pinagmulan: Michaël van de Poppe/X

　　ARB is trading for $1.01 currently, down 2% on the day.

　　Si Van de Poppe din ihinahayag that he doesnt believe the SEC will approve an ETH ETF until at least July or August of this year.

　　ETH is worth $2,914 at time of writing, down 5% on the week.

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