Crypto enthusiast says that retail investors are undervaluing ETH

Retail investors are undervaluing the second-largest crypto coin, which could hit a new all-time high faster than other digital assets. A similar point of view was voiced by the founder of MN Trading, Michael van de Poppe.

According to the specialist, the capitalization of BlackRock’s ETH fund previously exceeded $500 million, which indicates serious demand from institutional investors.

At the same time, users on social networks talk about bearish sentiment in the market, and some assume that the Ethereum correction will continue. Michael van de Poppe believes that this is a consequence of underestimating the development of the ETH ecosystem.

“The difference between retail end users on social media and fundamental institutions building on top of Ethereum is gigantic,” Van de Poppe argued. “It shows that retail end users have no clue about what’s going to come or what’s happening,” the analyst noted.

The specialist named the approval of Ethereum-based ETFs, which is expected in the United States in the near future, as one of the prerequisites for the growth of ether. ETF Institute founder Nate Geraci previously gave a similar forecast, as he saw no “compelling reasons” for the delay.

K33 analysts noted that during the year, ether copied the dynamics of Bitcoin. However, despite the hype surrounding the launch of the Ethereum ETF, the ETH/BTC trading pair remains at three-year lows without significant momentum.

“As for altcoins, even the approval of Ethereum-based ETFs this summer is unlikely to seriously change the situation on the crypto market, where the main growth factor is now the monetary policy of the US Federal Reserve,” says Anton Toroptsev, marketing director at Bitget in the CIS.

What do you think about the prospects for Ethereum?