The post Ether Might Experience Price Correction After Dencun Upgrade: QCP Capital appeared first on Coinpedia Fintech News
QCP Capital alerts with a potential price correction for Ether despite its recent surge over $4,000, noting a shift in market sentiment. It is still cautiously optimistic about the long-term potential of ether. QCP observes a shift in market sentiment as its risk reversals turned negative, suggesting people are more worried about price dropping ahead .These have turned negative due to the low probability of a spot ether ETF approvals in the near future. Ahead of all this, Ethereum is set to undergo the Dencun upgrade on March 13 as well, which will make Layer 2 blockchains more affordable and boost its scaling.