QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs

Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. Notably, major players like Blackrock have amended their ETF filings, and Vaneck’s ETF has been listed by the DTCC, indicating that approval and trading could commence as early as this week. This scenario mirrors the market’s response to the mass spot bitcoin ETF approvals.