QCP Capital analysts say there is a "clear lack of interest" in the market, but the approval of an Ethereum spot ETF could "easily" send ETH back to recent highs. 📈 Despite investor caution, the unexpected approval could cause a brief spasm that could see ETH reach its recent peaks. The ETH/BTC pair has fallen to levels not seen since February 2021, suggesting a “bounce is on the way.” However, Ethereum showed strong support at $2,900. ETF approval could be the catalyst for a rebound in bullish momentum.