ETH Price Unlikely to Follow Bitcoin's Post-ETF Plunge, Traders Say

Traders predict that Ether (ETH) will not experience a significant price decline following the launch of spot Ether ETFs, unlike Bitcoin (BTC) after the introduction of spot Bitcoin ETFs. This is because, unlike Bitcoin, Ether has already experienced a price correction in the lead-up to the ETF approval. However, concerns remain about the potential selling pressure from the conversion of Grayscale Ethereum Trust (ETHE) to an ETF. Nonetheless, traders anticipate upward momentum for ETH, citing its strong performance even without ETF approval.