SEC Approves A Number of Ethereum ETF Applications. What Happens Next For Crypto?

Last week, the SEC gave the green light for a number Ethereum ETF applications sparking huge excitement from within the crypto investor community.

On the build up to the approval, Ethereum rallied strongly by 22.9% putting it just short of $4,000.

However, many crypto enthusiasts were getting excited that upon approval, the altcoin market would go parabolic but this hasn't happened.

So what happens next?

The newly approved ETH ETF's wont be actively trading for a few months yet but once they open for investors, billions of dollars is expected to flow into Ethereum and the wider altcoin market as investors look to gain exposure to high quality altcoins.

However looking at historical trends for the altcoin market, it does look like the altcoin market is ready for a major break out in the weeks ahead.

With the altcoin hype cycle now coming out of the low hype stage, investors are expected to come back to the altcoin market between now and July.

So investors should be on the look out for a major altcoin rally over the next 4 to 6 weeks.

And when altcoins start a major break out rally, it could well be significant with many altcoins seeing 5X to 10X gains over the space of a few weeks potentially.

So in my analysis, it is the calm before the altcoin storm where altcoins start their parabolic rise to new all-time-highs.

Between now and then, there are many bargains and opportunities to be had for investors and patience will be needed.

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