QCP Capital: ETH may continue to rise close to $4,000 due to Trump’s support for cryptocurrencies

Golden Finance reported that cryptocurrency market-making company QCP Capital analyzed that before the upcoming launch of the Ethereum ETF, the price of ETH continued to rise, with an increase of 35% in two weeks and is currently close to $4,000. Cryptocurrency market-making firm QCP Capital said the price action may stem from pro-cryptocurrency comments made over the weekend by former President and current 2024 Republican front-runner Donald Trump. QCP Capital said in its regular market update: “Looking at the price action, market participants appear to be showing bullish sentiment towards ETH rather than BTC, especially as potential institutional demand emerges once the ETH spot ETF starts trading.”