Crypto strategist Micha\u00ebl van de Poppe believes that Ethereum (ETH<\/a>) is close to witnessing a big trend shift.<\/p>\n Van de Poppe tells his 717,600 followers on the social media platform X that he doesn\u2019t expect the U.S. Securities and Exchange Commission (SEC) to approve pending applications for spot Ethereum exchange-traded funds (ETFs) in the coming weeks.<\/p>\n The SEC is slated<\/a> to approve, delay or deny\u00a0the ETH ETF applications by financial giants Hashdex and Ark 21Shares on May 30th after postponing it in March.<\/p>\n Van de Poppe predicts that the SEC\u2019s decision will end up being a pivotal point for the top altcoin by market cap.<\/p>\n \u201cThis is a very likely scenario with Ethereum, through which the delay\/denial in two weeks is the big moment of reversal for ETH and the markets.\u201d\u00a0<\/em><\/p>\n Looking at the trader\u2019s chart, he seems to predict that ETH will plunge below $2,700 before reversing and rallying to $3,800.<\/p>\n At time of writing, ETH is worth $2,920.<\/p>\n Next up is the layer-1 crypto project AIOZ (AIOZ<\/a>). According to the analyst, he expects AIOZ to sustain its bullish momentum as long as it continues to trade above $0.65.<\/p>\n \u201cThis one looks very promising and is one of the strongest trending assets. <\/em><\/p>\n In-trend level to hold: $0.65-0.68. <\/em><\/p>\n If that\u2019s lost, then the long-term investment region comes into play. <\/em><\/p>\n I<\/em>f we hold, I expect $1.35-1.45 might seem next. <\/em><\/p>\n Very strong one.\u201d<\/em><\/p>\n At time of writing, AIOZ is trading for $0.795.<\/p>\n Another altcoin on the trader\u2019s list is the Ethereum scaling solution Arbitrum (ARB<\/a>). Van de Poppe thinks that ARB is very close to carving a bottom.<\/p>\n \u201cThis one has a full correction and is at the end stage of the correction. Massive cascade in the past weeks, through which the markets often fill that wick in the weeks after. In that regard, markets are close to the end of the correction.\u201d\u00a0<\/em><\/p>\n Based on the trader\u2019s chart, he seems to predict that ARB will bottom out at around $0.90.<\/p>\n The last altcoin on Van de Poppe\u2019s radar is the native asset of the video-sharing blockchain Verasity (VRA<\/a>). According to the analyst, VRA is in a full-blown downtrend and may find support at $0.004<\/p>\n \u201cA full retracement is happening, which is relatively common for altcoins in this stage of the cycle.<\/em><\/p>\n An important area of support, and I think most of the pain is already in.<\/em><\/p>\n This support has held in the past, and I expect to do the same here.\u201d<\/em><\/p>\n At time of writing, VRA is worth $0.0051.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Crypto strategist Micha\u00ebl van de Poppe believes that Ethereum (ETH) is close to witnessing a big trend shift. Van de Poppe tells his 717,600 followers on the social media platform X that he doesn\u2019t expect the U.S. Securities and Exchange Commission (SEC) to approve pending applications for spot Ethereum exchange-traded funds (ETFs) in the coming […]<\/p>\n","protected":false},"author":2,"featured_media":130008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-300614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=300614"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300614\/revisions"}],"predecessor-version":[{"id":300617,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/300614\/revisions\/300617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/130008"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=300614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=300614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=300614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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