Cryptocurrency analyst and trader Michaël van de Poppe believes that the correction in the altcoin market may come to an end in the early weeks of 2025. In a recent video update, Van de Poppe informed his 169,000 YouTube subscribers that he expects a bullish reversal on the weekly chart of the TOTAL3 chart.

The TOTAL3 chart tracks the market capitalization of all cryptocurrencies except for Bitcoin (BTC), Ethereum (ETH), and stablecoins.

Van de Poppe stated, “When you look at the altcoin markets in the sense that you’re looking at the TOTAL3, for instance, which is the altcoin market cap in USDT valuation, then at this point we’ve seen a substantial big run crossing the all-time high. And now we’re just having a very general correction taking place on the markets, with a very likelihood of being close toward the end of this correction. Maybe beginning January we continue to have one or two weeks of this correction, then we rotate back up.”

Next, Van de Poppe mentioned that Ethereum against Bitcoin (ETH/BTC) is showing signs of entering an uptrend, while other altcoins like Optimism (OP) are experiencing accumulation by investors due to increasing trading volume.

“If we look at the altcoins’ valuations, and if we start to look at most of them, for instance, Optimism against Bitcoin, it is currently seeing a lot of volume coming in into the actual pairs showing that there is interest at this point, showing that there is the accumulation taking place. And as Ethereum against Bitcoin is already crawling up, and the rest of the Ethereum ecosystem is currently consolidating or correcting by a little bit, there’s a gap between the two, and that says that the entire ETH ecosystem is still substantially undervalued.”

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