QCP Capital Predicts 60% Price Surge for Ether Following US Ethereum ETF Approval
QCP Capital forecasts that approval of an Ethereum ETF in the US could trigger a 60% increase in Ether's price over the coming months.
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Approval of an Ethereum ETF in the US could lead to a 60% price rally for Ether over the coming months, according to predictions from QCP Capital. Bitcoin saw a similar price surge after the launch of its first US spot ETF in January, rising from around $42,000 to over $73,000 in two weeks. The SEC is expected to make a decision on an Ether ETF application soon, with analysts bumping the odds of approval to over 75%. On-chain data shows significant buying activity on both centralized and decentralized exchanges in recent days.
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May 23, 2024
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