QCP Capital: Ether is becoming increasingly sensitive to the influx of investments



The price of Ether requires a smaller amount of funds to grow compared to Bitcoin, as the coin's capitalization is only one-fifth of the first cryptocurrency's capitalization, QCP Capital reported. According to experts, the market situation is highly favorable for the growth of this coin's share — as well as other major altcoins. Over the past week, more than $1.85 billion has flowed into ETH-ETFs, and the positive trend for Ether-based products has been ongoing since May, the trading company specialists added.

The correction of Ether is short-term, as the price has already formed a local bottom, and traders are optimistic and do not intend to take profits at the $3700 level, preparing for new price records, analysts at QCP Capital believe.

The next six months will be crucial for ETH, and if corporate players continue to increase their purchases of the asset, it will enter an area where there are no significant resistance levels, experts believe.

Earlier, analysts from the American financial conglomerate JPMorgan stated that large investment funds are showing increasing interest in the second-largest cryptocurrency due to its dominance in the field of decentralized finance (DeFi).
ETH-1.29%
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