QCP Capital: Ethereum price may adjust after Decun upgrade

QCP Capital, a digital asset trading company, pointed out that although the Ethereum price hit a two-year high, market sentiment has changed, which may lead to a price correction. There is currently excessive leverage in the market, but it is expected that traders will quickly buy any dips. In addition, QCP also stated that historical data shows that network upgrades such as Bitcoin's Taproot and Ethereum's merge have little impact on prices in bear and sideways markets, but the current market dynamics may cause Ethereum and its Layer 2 network prices to react after the Cancun upgrade.