With the approval of Ethereum ETFs there is a big chance of alt season to start by next month. Already most altcoins are in green today while Bitcoin is in red which is a sign that alt season is coming soon. I am expecting a big bull run this year wherein we will see both Bitcoin and Ethereum creating new ATH before the year end. This will naturally create a rally for altcoins to follow these two dominant force in crypto market.
We all saw the impact of the Bitcoin ETF on the price rise in Bitcoin although it took some time before the effect was felt but it still got some nice increase that even lead to breach of the former ATH of Bitcoin so I think this approval of the Ethereum ETF will also have significant increase and effect to the price of Ethereum and other altcoins as well. If am let to predict I would say we will gladly see some change right around 1-3 months from now.