Market expert Michaël van de Poppe forecasts a potential recovery for the altcoin sector, suggesting that the current downturn could wrap up within weeks of 2025. He emphasizes that the TOTAL3 chart, which represents the market cap of all cryptocurrencies other than Bitcoin, Ethereum, and stablecoins, is poised for an upward trajectory soon.
What Signals are Emerging for Ethereum?
Van de Poppe observes positive trends for Ethereum against Bitcoin (ETH/BTC). Other altcoins, particularly Optimism (OP), are also seeing increased trading volumes, indicating robust accumulation efforts by traders.
“A close examination of the altcoin landscape suggests that the ongoing correction is about to conclude, with a potential rise following a brief period at the start of January.” – Michaël van de Poppe
Recent figures reveal that OP/BTC has surged by 5.83% over the last day, hitting 0.00002051 BTC, while ETH/BTC has increased by 3.23% to 0.03675 BTC. This upward momentum highlights a continued interest in Ethereum and specific altcoins like Optimism.
“The current trends indicate that Ethereum remains undervalued, reflecting the ongoing interest in the altcoin space.” – Michaël van de Poppe
Is Investor Sentiment Shifting in the Altcoin Market?
Van de Poppe believes that the end of the overall market correction is imminent, with rising interest from traders. He encourages market watchers to focus on developments beyond Bitcoin and Ethereum.
- The altcoin market correction may conclude shortly.
- Increased trading volumes suggest growing investor confidence.
- Ethereum and Optimism show significant upward trends.
With the potential end of the correction on the horizon, it’s likely that many will look to re-enter the market, which could result in notable price increases for altcoins. The next few weeks could be pivotal for the sector as investors recalibrate their strategies.
