QCP Capital: If the Ethereum ETF is approved, ETH will approach $4,000 in the short term, and if rejected, it will fall back to $3,000

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QCP Capital Analysis pointed out that regulatory decisions may affect the price of Ethereum. If the Ethereum ETF is approved, the price of ETH will be closer to the short-term target of $4,000 and may reach $5,000 later this year. If it is rejected, the price will fall back to $3,000. This uncertainty leads to higher volatility, but the better trade may be the spot futures basis, and the yield is now over 10% again.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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