Cryptocurrency analyst and trader Michaël van de Poppe believes that the altcoin market correction could end in just a few weeks in 2025.
In a new video update, Van de Poppe tells his 169,000 YouTube subscribers that he expects the TOTAL3 chart to soon witness a bullish reversal on the weekly chart.
The TOTAL3 chart tracks the market capitalization of all crypto assets, excluding Bitcoin (BTC), Ethereum (ETH), and stablecoins.
“When you look at the altcoin markets in the sense that you look at the TOTAL3, for example, which is the market cap of the altcoin in the USDT valuation, then at this point we have seen a substantial rise crossing the high. And now we are just seeing a very general correction in the markets, with a very high probability of being near the end of this correction. Maybe from January onwards we will continue to have a. or two weeks of correction, then we will return to the top.
Next, he says that Ethereum versus Bitcoin (ETH/BTC) is starting to show signs of entering an uptrend while other alternatives like Optimism Scaling Solution (OP) are seeing accumulation by the investors based on the increase in trading volume.
“If we look at the valuations of altcoins, and if we start looking at most of them, for example the optimism against Bitcoin, we are currently seeing significant volume coming into the real pairs, which shows that there is interest at this point, showing that there is accumulation happening and as Ethereum against Bitcoin is already moving forward and the rest of the Ethereum ecosystem is currently consolidating or correcting. little, there is a gap between the two, meaning the entire ETH ecosystem is still significantly undervalued.
OP/BTC is trading at 0.00002051 BTC ($2.01) at the time of writing, up 5.83% in the last 24 hours. Meanwhile, ETH/BTC is trading at 0.03675 BTC ($3,606) at the time of writing, up 3.23% in the last 24 hours.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
