A well-known crypto analyst believes that the market is too negative about the chances of regulators approving an Ethereum (ETH) exchange-traded fund (ETF). Altcoin Psycho, a pseudonymous analyst with a large following on the social media platform X, argues that people are not optimistic enough about ETH at the moment. According to Altcoin Psycho, the market is completely underestimating the likelihood of an ETH ETF and the impact it will have on the price of ETH. He suggests that buying ETH below $3,000 before the ETF is approved will eventually be seen as an obvious and profitable trade, just like buying Bitcoin before its ETF was approved. Data from Polymarket, a prediction market platform based on Ethereum, shows that only 13% of traders believe that an ETH ETF will be approved by the end of the month. Altcoin Psycho also predicts that market participants will eventually shift their investments from memecoins to more established and reputable crypto projects, leading to a sell-off of memecoins. He believes that this shift in attention will result in a flight to quality and a narrowing of focus. Additionally, Altcoin Psycho expresses his belief that the artificial intelligence (AI) sector is still in its early stages and will become one of the biggest speculative manias ever seen. While many are predicting that the AI bubble will burst, he takes the contrarian view and suggests that the bubble is just beginning. He anticipates that the majority of AI startups will fail, but the surviving 1% will be immensely valuable and will carry the bubble to new heights. In conclusion, Altcoin Psycho offers his insights and opinions on various aspects of the crypto market, encouraging his followers to stay informed and make their own investment decisions.