QCP Capital: If the Ethereum ETF is approved, ETH will approach $4000 in the short term; if rejected, it will fall back to $3000

ChainCatcher news, investment institution QCP Capital stated on social media that regarding the rumors about the U.S. Securities and Exchange Commission (SEC) possibly approving a spot ETF for Ethereum, their view is that the spot price is unlikely to stabilize here. If approved, the price will be closer to the short-term target of $4000, and may reach $5000 later this year. If rejected, the price will fall back to $3000. This uncertainty has led to higher volatility, but better trading might be the spot-futures basis, which has now yielded over 10% again.