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QCP Capital didn’t hide its concerns about the sentiment around Ethereum (ETH) while stating a positive comeback in the crypto market.

A report shared by the crypto trading firm QCP Capital on March 18 included the current status of the cryptocurrency market.

Analysts noted that the recent downtrend that started last Friday and extended into the weekend was strongly bought by investors, implying that the dark clouds have cleared. Particularly, the buying pressure on Bitcoin revealed the market’s desire to move upwards.

Furthermore, pointing to the positive trends in the options market, an increase in option purchases targeting the 100-150 thousand dollar level was highlighted. The expiry dates of these options were recorded as September and December.

Despite this positive outlook, QCP Capital did not mince words about the situation of Ethereum, stating that the futures market data presented negative indicators. Moreover, it was noted that the options market has had a bearish expectation for Ethereum since the $4,000 level.

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