QCP Capital: If 10-20% of the Bitcoin ETF flow is captured, ETH may break through $4000

ChainCatcher news, QCP Capital stated: The spot price of ETH has sharply rebounded from a low of $3400, with the front-end implied volatility rising to 65%.

They believe this strong bullish sentiment is supported by two developments: the SEC is about to conclude its investigation into Ethereum 2.0, eliminating the possibility of ETH sales being classified as securities transactions. Ethereum ETF issuers are responding to the SEC's comments and plan to submit a reply this week.

In addition, the options market reflects optimistic sentiment, with active buying of call options across various maturities. If 10-20% of the Bitcoin ETF flow is captured, the price of ETH could break through $4000, approaching the $4800 peak.