Ethereum ETF Launch Causing Temporary Crypto Dump!!!!.
Last week saw the official launch of the highly anticipated Ethereum spot ETF, but markets dropped immediately after trading began. This mirrors the earlier Bitcoin spot ETF launch, which lost over 26% in the first 7 trading days. The Ethereum ETF is currently down 12% after 7 trading days.
Historically, significant crypto news often triggers market dumps. Despite the current downturn, I believe this dip is temporary. As noted in my latest BTC analysis, the green area on the chart is an ideal buying zone, anticipating a reversal in the ETF's trading direction.
