The Singapore-based cryptocurrency trading company QCP Capital has released its most recent study, which highlights an optimistic view of ETH. It has emphasized concerns over additional Bitcoin releases from the now-defunct Mt. Gox, which might lead to selling pressure in October, hindering further price increases for Bitcoin. While the launch of spot ETH ETFs may help ETH in the months to come, analysts have also noted a shift in traders’ focus to tokens like SHIB, DOGE, and PEPE.

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