"We are in for a calm summer with low volatility and no catalysts to move the market forward," analysts at QCP Capital noted in a report released on Friday. QCP Capital said traders may consider accumulation as a strategy for a "long and calm summer, especially for Ethereum." They further predict that there will be no immediate large movements in the price of Ethereum in July, "and Gensler expects the approval of the spot Ethereum ETF in late summer."