Prominent Cryptocurrency Trader Reveals Why He’s “More Interested” in These Ethereum-Related Coins

Widely followed cryptocurrency analyst Michael van de Poppe detailed its altcoin trading strategy, highlighting a substantial allocation to coins in the Ethereum ETH/USD ecosystem.

What happened: In a video shared on his official YouTube channel, Van de Poppe stressed the importance of investing in the right cryptocurrencies amidst the hype in the market. He indicated that he is “heavily” involved in the Ether ecosystem.

The analyst particularly highlighted the high expectations he has for the two layer 2 network tokens, Arbitration ARB/USD and Optimism OP/USD currency pair rate.

“I am even more interested in them because there is more activity in the Ethereum ecosystem and thanks to spot ETFs it will be even better,” he noted.

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Van de Poppe revealed that he would continue to hold onto these pieces at this stage, as they are vastly undervalued. “There is no point in selling them too early.”

Why is this important: The comment comes a week after Van de Poppe pointed out Ethereum’s Low Valuation and Long-Term Upside Prospects.

He predicted that Ethereum would reach a new all-time high faster than the rest of the market and described the upcoming launch of spot ETFs as a major catalyst.

As things stand, funds that track the spot price of Ethereum are expected to debut this weekmarking a new milestone for the world’s second largest cryptocurrency.

Price action:At the time of writing, Ether was trading at $3,508.72, trading essentially flat over the past 24 hours, according to Benzinga Pro dataArbitrum rose 1.01% to trade at $0.7872, while Optimism gained 1.85% to trade at $1.94.

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