Cryptocurrency analyst and trader Michaël van de Poppe predicts that the correction in the altcoin market may come to a close in the early weeks of 2025. In a recent video update, Van de Poppe tells his 169,000 YouTube subscribers that he expects the TOTAL3 chart to soon experience a bullish reversal on the weekly chart. The TOTAL3 chart tracks the market capitalization of all crypto assets except for Bitcoin (BTC), Ethereum (ETH), and stablecoins.

According to Van de Poppe, the altcoin markets have seen a significant surge, surpassing the all-time high and are currently undergoing a general correction. However, he believes that this correction is nearing its end, with a possible continuation until early January before a rotation back up.

Van de Poppe also notes that Ethereum against Bitcoin (ETH/BTC) is showing signs of entering an uptrend, while altcoins like Optimism (OP) are witnessing increased trading volume, indicating accumulation by investors. He emphasizes that there is still a gap between Ethereum and other altcoins, suggesting that the entire Ethereum ecosystem is undervalued.

As of writing, OP/BTC is trading at 0.00002051 BTC ($2.01), up 5.83% in the past 24 hours. ETH/BTC is trading at 0.03675 BTC ($3,606), up 3.23% in the past 24 hours.