The price of ETH dropped, is there a connection with ETF?

[ayatoslaw]

The last few days there were news about ETF, and some people thought that ETF caused the market price to drop quite large,
do you think the price of the ETH that came down due to news about ETF or because of other things?
give your opinion.

[kenning]

The last few days there were news about ETF, and some people thought that ETF caused the market price to drop quite large,
do you think the price of the ETH that came down due to news about ETF or because of other things?
give your opinion.

I believe the rejection of ETF effect will surely be there as more newcomers or potential new comers will have a greater fear to jump into crypto space, however the most recent drop have a big connection with the whole world as we also see big plunge is happening in stocks market as well.

[wokee12]

I think before ETF is only affect to bitcoin price, but ethereum too. I believe after rejection ETF. Cryptocurrency price will drop

[Bhussainn2]

the rejection of ETF effect will surely be there as more newcomers or potential new comers will have a greater fear to jump into crypto space, however the most recent drop have a big connection with the whole world as we also see big plunge is happening in stocks market as well.

[kingbitcoin]

The last few days there were news about ETF, and some people thought that ETF caused the market price to drop quite large,
do you think the price of the ETH that came down due to news about ETF or because of other things?
give your opinion.

I think there are certain factors that affect the price of ether. maybe you can just say right. but calm down, everyone can return to a higher price than now

[mlegend]

It is possible that Ethereum's price dropped because there were negative issues about Ethereum in the ETF. But that is only a possibility. What makes more sense is that there is a large-scale or gradual sale of the Ethereum coin, so that Ethereum's price continues to fall and continue to fall. Not to mention that not a few users are frustrated and sell their coins at easy prices which causes Ethereum to drop in price. Maybe that's the main cause.

[Bhussainn2]

however the most recent drop have a big connection with the whole world as we also see big plunge is happening in stocks market as well.

[Mehira01]

Yes, that could happen, ETE's rejection of the impact could affect the price of all crypto, including the price of Eth itself, but that should not be too much thought, because I believe the monthly price will return to normal and stabilize again.

[andreanthree]

The rejection of ETF effect will certainly be there as greater novices or capability new comers will have a extra worry to jump into crypto area, however the most recent drop have a big connection with the complete global as we also see large plunge is taking place in shares marketplace as well.

[aldenlim]

The last few days there were news about ETF, and some people thought that ETF caused the market price to drop quite large,
do you think the price of the ETH that came down due to news about ETF or because of other things?
give your opinion.

I don't know if there is a connection about the Bitcoin's ETF but the one I know surely is whenever Bitcoin is going down
Ethereum will surely go down too because Ethereum depends on Bitcoin's value.

[Dynamite]

The last few days there were news about ETF, and some people thought that ETF caused the market price to drop quite large,
do you think the price of the ETH that came down due to news about ETF or because of other things?
give your opinion.

I don't know if there is a connection about the Bitcoin's ETF but the one I know surely is whenever Bitcoin is going down
Ethereum will surely go down too because Ethereum depends on Bitcoin's value.

Basically, that's the scenario. Once bitcoin go down ethereum will also down but once bitcoin go up ethereum go up also.