Recent ETH rally, Not speculation but based on fundamentals... Impact of Vectora upgrade

QCP Capital analyzed that the recent Ethereum (ETH) uptrend is a structural rise based on fundamentals, not just a speculative movement. QCP Capital explained that "although the ETH options market is still in bearish dominance, the recent price rise is a result that coincided with the Pectra upgrade."

On the other hand, regarding Bitcoin (BTC), it was projected that it is struggling to find a balance between its two roles as digital gold and a risk asset, and there is a high possibility that the box range sideways flow will continue for the time being. However, it was added the analysis that in the BTC options market, the demand for long-term long positions is increasing again, and the demand for short-term put hedges is weakening, indicating that volatility may expand in the future.

Experts expressed the opinion that Ethereum's recent rise is a fundamental rise based on technical improvements and network strengthening, suggesting that there is sufficient potential for further price increases.