Ethereum ETF Approval Next Week: These Altcoins Reveal 100% Upside
The post Ethereum ETF Approval Next Week: These Altcoins Reveal 100% Upside appeared first on Coinpedia Fintech News
With crypto market gurus anticipating the Ethereum ETF listing finally coming next week, the recovery rally in the altcoins is expected to go ballistic. Further, with the high anticipation of BTC prices rising above $60K, these low-cap crypto offer massive upside potentials.
Closely linked to the Ethereum blockchain and known to amplify bullish moves, these altcoins might surge 100% next week with the Ethereum ETF approval. So, let’s take a closer look at their price chart and determine bullish entry opportunities over the weekend.
Altcoins To Watch With Ethereum ETF Listing: Floki (FLOKI)
As the Ethereum ETF is coming next week, the Ethereum-based Meme coin is a great choice for quick upside moves. Trading at $0.00014, the FLOKI price is down by 56% from the peak of $0.00032.
With a potential double bottom, the ongoing lateral trend after the massive drop teases a trend reversal for the altcoin. Further, the increasing chances of a bullish crossover in MACD bolster the bullish side.
As per the Fibonacci levels, the bull run in the FLOKI price could hit the $0.00039 mark with the Ethereum ETF listing.
TrueFi (TRU)
With a solid support trendline at play, the TRU token price reveals a bullish cycle gaining momentum. The TrueFi token price action projects a rounding bottom reversal and reclaims the 23.60% Fibonacci level at $0.13.
With an intraday jump of 9.29%, the altcoin price action makes a bullish engulfing candle and teases uptrend continuation. Further, the bullish crossover in the MACD indicator bolsters the bull cycle in motion.
Considering the uptrend continues with the Ethereum ETF listing, the TRU altcoin price could reach the $0.25 peak.
Arbitrum (ARB)
With a market cap of $2.27B, the Arbitrum price trend is on the verge of a bullish breakout in the daily chart. As the ARB token price forms a falling wedge pattern and approaches the bottleneck area, the broader market recovery could result in an upside break.
Further, the MACD and signal lines gradually gain a bullish trend and alignment, the altcoin could surge almost 100% with a break. Currently, the ARB price trades at $0.7052 and is on the verge of crossing above the overhead trendline.
With a bullish break and the Ethereum ETF listing, the ARB price could reach the $2.18 mark.
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