QCP Capital predicts Ethereum (ETH) will surpass $4,000 by mid-August 2024. This forecast coincides with a slowdown in capital outflow from spot Ethereum ETFs, hinting at a potential price rally.
Currently, Ethereum trades at $3,320, with a daily growth rate of 1.2%. QCP Capital noted a modest capital inflow on July 30, 2024, after four days of negative performance, signaling market resilience.
The Federal Reserve’s interest rate decisions may also impact the market. While no changes are expected in July, potential policy easing in September or December 2024 could boost Ethereum’s growth.
