*Was Ethereum ETF a Mistake? Is it a Good Time to Invest in ETH?*
The Ethereum price underwent a 20% pullback in the past couple of weeks as the bulls failed to hold the levels above $2,700. Although they have confirmed a rebound from the lower support zone, the bearish influence over the token does not appear to have faded yet.
Therefore, the second-largest token is expected to face another 7% to 8% pullback, resulting in a 35% upswing if this trade plays out well
On the other hand, the Ethereum ETFs are struggling with just $580 million in inflows since the launch, suggesting less interest in institutions over the token.
However, the platform saw some inflow as the outflow on Grayscale’s trust stagnated, fluttering some bullish hopes over the crypto.
Secondly, the WazirX hacker sent over 4.6K ETH to Tornado Cash, cashing out step by step, raising alarms within markets. On the other hand, the other main reason for a rise in the volatility could be the options, which are set to expire in a short while now.
Nearly $1.6 billion worth of BTC & ETH options are set to expire, which may initiate major moves within the markets.
