In a column for The Scoop co-authored by Frank Chaparro, Director of Special Projects at The Block, and Laura Vidiella of MNNC Group, QCP said that we need a catalyst to get things moving again. A strong launch of a spot Ethereum ETF could be such a catalyst, with a strong response "which would increase liquidity and potentially surprise the market with an upward move". In addition, some believe that if Trump wins the US election in November, the market could rebound and enter a massive bull cycle. Currently, the derivatives market reflects this temporary pessimism, with an inverted term structure showing that implied volatility for short-term options is higher than for long-term options, indicating that bearish sentiment is excessive.