The king cryptocurrency is forming big 15-minute candles again and the Fed meeting is just days away. BlackRock CEO made great statements, ETFs are rallying and FUD on Strategy is weakening. So when will the Ethereum rise, followed by altcoin bulls, begin? ARB Coin What are the latest predictions for?
Altcoin Bull and Ethereum
The largest altcoin by market cap Ethereum (ETH) 
$2,804.64 When it starts to predominantly outperform BTC, appetite increases across altcoins. The old altcoin bulls won’t come because there are too many cryptocurrencies, but we should at least see a period of overall strong bullishness in the major cryptocurrencies.
ETH ETFsYesterday, we saw something that had not happened for weeks: there was a net inflow of exactly 140 million dollars. Since there has been no net inflow of $140 million or more for a very long time, we can now say that investors are starting to get hungry for ETH. Moreover, ETHBTC parity is also gaining momentum.
DaanCrypto emphasized his belief in the rise by sharing the current chart.
“ETH Still stable and finally to BTC It started to move at a rate of 0.032. Honestly, it all looks pretty clean, considering there’s a clear invalidation below.
As long as this bounce continues, it wouldn’t be surprising for ETH to outperform. BMNR also remains a large buyer on a weekly basis, which supports the price somewhat.”
Targeting 5%, BitMine has already collected 3% of the ETH supply and has achieved this just from June to date. It’s also great that it can survive strong selling headwinds and continue buying.
Poppe was the other analyst focusing on the ETHBTC parity. The altcoin bullish occurred as new records were set in the ETHBTC pair, and ETH is moving above this moving average for the first time since August. In the scenario where we see a higher low here and support at the daily 20-MA, Poppe says there will be more.
ARB Coin Review
ARB Coin price The graph is not growing, but the total value locked (TVL) in the network is increasing. Michael Poppe on tokenization Arbitrum He emphasized that it has great potential and drew attention to the possibility of long-term growth here. While the price has decreased by 70 percent in the last 3 months, the total locked value is increasing steadily, as you can see when you look at the TVL chart below.
“As you can see, TVL on the network is going through the roof. Despite current market conditions, new ATHs are being recorded on TVL every day.
DEX volume is increasing significantly.
The number of applications in the ecosystem is increasing on a weekly basis.
The number of active addresses is less than at the end of 2023, but the markets have fallen a lot, so it is normal for this to happen.
“Based on these factors alone, I think we are facing a market where many great protocols in the ecosystem are undervalued.”
