If an ethereum ETF is approved, it is likely that the price of ethereum will be more than $5K when the price of bitcoin has passed $100K. Let's see what price Bitcoin will reach at the end of this year, because it is possible that $100K will be reached soon.
Approved or not with ETF Ethereum I think its not much problem because recently Ethereum hit almost $4k and good moment raising up above $5k in short term. Regarding with bitcoin price keep stable I believe has chance or potential for Ethereum make new all time high price in this year indeed rumor too close with ETF Ethereum approval. However bit doubt when ETF Ethereum approval will any drama and manipulation to make Ethereum price decreasing such as Bitcoin drop drastically after ETF approval announcement.
Ethereum price recently keep in good movement but if ETF Ethereum approved how bad possibility or manipulation from SEC Commission make ETH price drastically down.