- Ethereum ETF anticipation fuels market buzz.
- Bitcoin’s oversold RSI suggests potential bounce.
- Solana emerges as Ethereum alternative; Cardano cautious, Polkadot integrates scaling solution.
A crypto market analyst predicts that an impending Ethereum ETF approval could trigger a surge in Ethereum (ETH) and Solana (SOL) prices, while Bitcoin (BTC) may face short-term declines.
The analysis was done on the impact of a potential Ethereum Exchange-Traded Fund (ETF) on the prices of several cryptocurrencies, including Bitcoin (BTC), Solana (SOL), Cardano (ADA), and Polkadot (DOT).
Reinforcing confidence in Ethereum and Solana’s short-term potential, the analyst attributes the upcoming approval of an Ethereum ETF as a major catalyst that could propel both altcoins higher. Acknowledging Cardano and Polkadot in the video, the speaker expresses a more restrained outlook compared to ETH and SOL.
On Bitcoin’s current price slump, the analyst anticipates a further downtrend in the short term. However, he also identifies encouraging signals in the Relative Strength Index (RSI) indicator, suggesting a potential near-term bounce. Notably, the RSI on the hourly c…
The post Ethereum ETF Speculation Fuels SOL, DOT, ADA Rally, Bitcoin Faces Short-Term Pressure appeared first on Coin Edition.