Analyst Spots Dencun Upgrade and Ethereum ETF as Crypto Bull Cycle Catalysts

• Kyle Doops believes the Dencun upgrade will catalyze the upcoming crypto bull run.
• Doops thinks the potential Ethereum ETF approval will support Dencun and push the crypto market higher.
• The analyst spotted a breakout in the ETH BTC chart, suggesting an improving ETH dominance.

According to Kyle du Plessis, a crypto technical analyst famously known as Kyle Doops, the upcoming Ethereum Dencun upgrade will be the next catalyst for a potential cryptocurrency bull run. Doops made the statement during a recent YouTube Crypto Banter show while analyzing the cryptocurrency price cycles and their timing.

Doops noted that if Bitcoin holds up without having a pre-cycle dump ahead of March 13, the expected date for the Dencun upgrade, the event may send Ethereum soaring to new heights. According to Doops, an Ethereum surge at this time would cause a significant rally in the entire crypto market.

Still focusing on the expected catalysts ahead of the bull cycle, Doops identified the anticipated Ethereum ETF approval as another significant element that could affect the bull cycle. He described the expected ETF as the next potential catalyst for the crypto bull run…

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