Ether Price Might Fall as Dencun Upgrade Nears: QCP Capital

QCP Capital, a crypto asset trading firm, has highlighted a potential downturn in the price of Ethereum (ETH) as risk reversals turn negative for upcoming expiries. Risk reversal measures the market’s perception of potential price changes, and a negative reading suggests concern about price drops. The increase in demand for put options, which protect against losses, signifies investor worries about a market correction. QCP Capital has raised a caution flag due to the amount of borrowing in the market and believes any dip in price will be aggressively bought. Additionally, Ethereum’s upcoming Dencun upgrade on March 13 is expected to enhance the network’s scaling and affordability, which could also impact the price. It is important to note that the information presented is for informational purposes only and does not constitute financial advice.