Krutika Adani
The price of Ethereum ($3150) is back to the levels before the in-principle approval of spot Ethereum ETFs.
Delays in ETF approvals, profit booking by whales and the selling by new investors to avoid losses are the top reasons for a falling ETH price.
Given the prevailing market conditions, Ethereum ETFs seem likely to make a lukewarm debut.
The best decision for the current scenario seems to be holding your funds since the launch of the ETFs is quite certain.
If the ETFs are approved by mid-July, the price of ETH could break $4k within a few days and advance to $5k soon.