Top Crypto Analyst Shares Prediction of Altcoin Dump Before Inevitable Rise

Key Points
– The upcoming decision on the Ethereum ETF in the US is a significant event for altcoins.
– Bitcoin dominance may continue to increase, affecting the altcoin market during a period of high crypto volatility.
– Outflows in digital asset investment products have negatively impacted bullish sentiments in the crypto market.
– The total cryptocurrency market cap has fallen over 3% in the past 24 hours to around $2.4 trillion as Bitcoin struggles to gain control.
– Crypto analysts predict increased volatility in the coming weeks due to the current silence in the market.
– The entrance of institutional investors through spot BTC ETFs will add to the supply vs demand shock.
– The altseason, when investors move profits from Bitcoin to altcoins, may be further delayed as Bitcoin dominance rises above 55%.
– There is a possibility that Ethereum may experience another drop in price.
– The anticipated rejection of spot Ether ETFs in the US will negatively impact altcoin bullish sentiment.
– However, the US SEC is expected to eventually approve spot Ether ETFs, potentially before the general elections.
– The cryptocurrency market may continue to be choppy in the coming weeks, and investors should minimize risk and avoid forced liquidations.
– Long-term investors may see this as an opportunity to buy before an exponential rally to new all-time highs.