BlackRock's Bitcoin ETF Approval Could Lead to Ethereum Price Surge, Though ETH Likely to Lag BTC in Near Term

Arthur Cheong predicts BlackRock may apply for a spot Ethereum ETF within a year if its Bitcoin ETF is approved, which could trigger an Ethereum price surge.

However, he believes the ETH/BTC trading pair will remain in correction for at least 6 more months.

Crypto is a great investment due to its global reach and USD denomination, according to Cheong.

Solana price may be poised for a correction after its recent rally, with other altcoins potentially breaking out next.

The crypto market animal spirits seem to be coming back, though focus is heavily on Solana currently.