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Ethereum due for new all-time high as countdown to Ether ETF nears end

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Never mind the Bitcoin ETF flippening — Ether is due a new all-time high next, a new prediction suggests

Ether is due to be the next crypto to pass its current record peak, a popular crypto market analyst believes.These, while not yet fully approved to start trading, have received a notional green light from regulators after a surprise U-turn."The Bitcoin dominance has likely peaked this cycle at 58%," Van de Poppe argued at the weekend.

"The valuations of altcoins are super low compared to Bitcoin. Likely the next all-time high is going to be reached for Ethereum."The Bitcoin ETF battle saw a symbolic milestone on May 28 as BlackRock’s IBIT beat the Grayscale Bitcoin Trust in BTC holdings for the first time.U.S. spot Bitcoin ETF holdings . Source: Apollo

This “flippening” had long been on the cards for market observers. Since its conversion to a spot ETF in January, GBTC hasU.S. spot Bitcoin ETF flows . Source: Farside This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

 

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