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ETH Mimics BTC's Post-ETF Crash, Hinting at Massive Rally Ahead

Summary by Coingape
This week, the second-largest cryptocurrency Ethereum experienced a significant decline in value despite the highly anticipated launch of a spot ETH ETF. The coin price dropped 13.3% from a high of $3560, settling at $3258, while its market cap fluctuated around $391.8 billion. This downturn was influenced by a considerable outflow from the Grayscale ETF ($ETHE), echoing the pattern observed with Bitcoin following its ETF debut in January. Marke…

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ETH Mimics BTC's Post-ETF Crash, Hinting at Massive Rally Ahead

This week, the second-largest cryptocurrency Ethereum experienced a significant decline in value despite the highly anticipated launch of a spot ETH ETF. The coin price dropped 13.3% from a high of $3560, settling at $3258, while its market cap fluctuated around $391.8 billion. This downturn was influenced by a considerable outflow from the Grayscale ETF ($ETHE), echoing the pattern observed with Bitcoin following its ETF debut in January. Marke…

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