The cryptocurrency market is experiencing a shift in momentum, with the potential approval of Ether ETF being delayed by one to two quarters, according to Andrew Kang, co-founder of Mechanism Capital. Despite this delay, Kang remains optimistic about Bitcoin's strength, predicting its price will not drop below $50,000. He attributes this confidence to the increased presence of DCA buyers and lower leverage from large momentum players.

In contrast, Ether's price is expected to remain stable until the ETF is listed, but its upside is limited, potentially peaking at $4,000. However, if fund flows are disappointing or there is a significant sell-off of ETHE, Ether's price could fall to between $2,000 and $3,000. Kang notes that Ether's high publicity and familiarity have led to slightly higher expectations for the ETF.

Solana's performance has been notable in this cycle, but it has also been impacted by meme trading demand, which has had both positive and negative effects. If meme trading subsides in the coming months, Solana's price may approach $80 again. These predictions highlight the complex and dynamic nature of the cryptocurrency market, where prices can fluctuate based on various factors.

The delayed approval of Ether ETF has pushed back the timeline for adding it to wealth management platforms, from the end of May to the fourth quarter. This delay has shifted market momentum from bullish to bearish, with a lack of substantial ETF inflows. Despite this, Kang remains confident in Bitcoin's strength, citing its changed market structure and increased DCA buyers.

The cryptocurrency market's unpredictability is evident in the varying predictions for Ether and Solana. While Ether's price may remain stable, its upside is limited, and it is vulnerable to disappointing fund flows or a large sell-off. Solana's performance, on the other hand, has been impacted by meme trading demand, which can have both positive and negative effects. As the market continues to evolve, investors must remain adaptable and responsive to these changes.