Ethereum ETF approval.

[X-ray]

Never underestimate the power of "sell the news" event. So far every freaking time it's the same thing: people are preparing for the moon because of the rumor, or expected event, and no matter the fundamentals behind the event and what it should bring, too much is already priced in and people will short and sell way more than it makes sense. But markets were never about making sense, but about  fear and greed in stereoids.

Give it time and it will have an effect, but how much time? That's impossible to predict.

I dare to say that this phase of "sell at the news" event is good for investing for anyone that's actually trying to find good entry price.

I just bought plenty of ETH @3100 and it's been quite great decision so far, but I already losing some money on my long position with 2x leverage so just want to even out the loss but i expect the price to get back to $3500 again just like how BTC back then when there were so many outflow the price tanked only for it to go back again after these fomo people done selling their BTC.

just remember that ETF is not a pump and dump event but to expose ETH to bigger capital.

[betswift]

Never underestimate the power of "sell the news" event. So far every freaking time it's the same thing: people are preparing for the moon because of the rumor, or expected event, and no matter the fundamentals behind the event and what it should bring, too much is already priced in and people will short and sell way more than it makes sense. But markets were never about making sense, but about  fear and greed in stereoids.

Give it time and it will have an effect, but how much time? That's impossible to predict.

I dare to say that this phase of "sell at the news" event is good for investing for anyone that's actually trying to find good entry price.

I just bought plenty of ETH @3100 and it's been quite great decision so far, but I already losing some money on my long position with 2x leverage so just want to even out the loss but i expect the price to get back to $3500 again just like how BTC back then when there were so many outflow the price tanked only for it to go back again after these fomo people done selling their BTC.

just remember that ETF is not a pump and dump event but to expose ETH to bigger capital.

Agreed! ETF is for big hands to be able to have some ETH for themselves in funds. I too think the ETH should go back to where it was or even a bit higher, but I would only go in the spot (when the price is 3000-3100ish, which it was recently), go into the long game and watch after the news.

[justdimin]

In my opinion, like I said above, I don't think the impact is going to be that huge to affect bitcoin. Ethereum doesn't have the power to pull more investors to bitcoin. Just as Charles-Tim said, the market follows Bitcoin, but bitcoin doesn't follow any other coin. People don't invest in bitcoin because an altcoin is pumping, but people invest in an altcoin because bitcoin is pumping. When bitcoin price felt the impact of spot ETF approval, other coins started pumping as well. If Ethereum starts pumping, Investors will be drawn to it alone.

Feels like that could be wrong, but neither of us have any type of proof about this. I believe that ETH is such a big player in the altcoin world that it would decide on the movement, eth going down means all coins going down and eth going up means all coins going up. This of course isn't something we can provide proof, because when they go up they all go up, meaning that we do not know if it is eth, or bnb, or sol, or some smaller thing, obviously it is not some small cap token, but there is no proof that it is ETH.

I just think that there is also no proof that it is not ETH as well, it really doesn't matter to me what it looks like, we should be considering the situation a little different. I believe that we are going to end up with something greater, and that is why I think it is quite important to just focus on investing and profiting. If we do that, then it doesn't matter if it is ETH that impacts it, as long as it is impacted and we profit, the reason doesn't matter.

[nelson4lov]

It's been almost of week since the Ethereum ETFas went live and the price is very much below the initial price it was prior to the actually listing. While the inflows have been great, the outflows have been it seem like the ETFs don't have any impact on Ethereum price sentiment. Bitcoin followed a similar path when it's ETFs went live first with a dump that was advertised as a "sell the news" event to breaking all time high. What I know for a fact is that Ethereum plays a vital role for all the other altcoin tokens in crypto right now.

[Glen Hoddle]

It's been almost of week since the Ethereum ETFas went live and the price is very much below the initial price it was prior to the actually listing. While the inflows have been great, the outflows have been it seem like the ETFs don't have any impact on Ethereum price sentiment. Bitcoin followed a similar path when it's ETFs went live first with a dump that was advertised as a "sell the news" event to breaking all time high. What I know for a fact is that Ethereum plays a vital role for all the other altcoin tokens in crypto right now.

After the approval of ETF Ethereum, Dao was likely to increase significantly, but the price remained where it was in the past. Currently dumping relatively, whenever this Ethereum ETF this institution holds enough ETH. They will immediately start selling Ethereum when the Ethereum price hits a future high.

[Webetcoins]

I mean it was known beforehand that we would have less eth trading at ETF than btc, which is true in the crypto world as well, nothing shocking really. I just think that we need to make sure that we are dealing with something that will not be all that impossible to handle, ETH could get some more, the marketcap will grow, I am sure that it will go to 1+ billion soon enough, and will reach 100+ billion too one day, after bitcoin gets there first of course.

These are all possible because these are all big companies and a lot of ETF's and everyone will put their money in slow by slow, over years, and we will see that growth. That will be great for bitcoin and eth, and for all crypto currencies, because we are talking about something that will benefit us by all of these people buying and holding.

Not only they are increasing the price by buying, but they are also not dropping the price by selling, they are just holding. This is why I honestly think that the best thing to do right now would be just making sure that things are going steady and not have anything chaotic. If we can have that, keep having that like we had so far this year, then we are going to end up with something good.

[marlo1001]

I don't understand what wrong with eth. Even etf is not pushing it price. I just want to see how it growth...

[asriloni]

I don't understand what wrong with eth. Even etf is not pushing it price. I just want to see how it growth...

It's all caused by The institutional investors having less interest in acquiring Ethereum. Then look at the Ethereum ETF table below.



There was too much outflow from Ethereum ETF. This shows that institutional investors prefer Bitcoin over Ethereum ETFs. This was the main cause of why Ethereum's price is stuck at this moment. Even Ethereum failed to prevent 7% dump after the launch of ETF. People are now selling their tokens after the news of ETH ETF already launched.

Ethereum has risen sharply after a rumor about an ETH ETF spread among crypto investors. It's time to hibernate and wait for another big rumor to come.

You said you wanna see Ethereum grow, then be patient for that moment to come soon.

[SUPERSAIAN]

We haven't seen any positive side for now, after the approval of Ethereum ETFs, even Ethereum experienced a decline, in fact the same thing happened with the BTC ETF, if the same scenario happens, we may see new increases in the future, I am walking around with a simple scenario in my head. Tokens and projects on the Ethereum chain will generally be affected by the ETF situation.

[o48o]

Never underestimate the power of "sell the news" event. So far every freaking time it's the same thing: people are preparing for the moon because of the rumor, or expected event, and no matter the fundamentals behind the event and what it should bring, too much is already priced in and people will short and sell way more than it makes sense. But markets were never about making sense, but about  fear and greed in stereoids.

Give it time and it will have an effect, but how much time? That's impossible to predict.

I dare to say that this phase of "sell at the news" event is good for investing for anyone that's actually trying to find good entry price.

I just bought plenty of ETH @3100 and it's been quite great decision so far, but I already losing some money on my long position with 2x leverage so just want to even out the loss but i expect the price to get back to $3500 again just like how BTC back then when there were so many outflow the price tanked only for it to go back again after these fomo people done selling their BTC.

just remember that ETF is not a pump and dump event but to expose ETH to bigger capital.

I definitely agree that you made a good decision for waiting, even though it might drop more before rising, as it's impossible to time the bottom and i am certain you are making profit in the future. I rarely am so sure of anything, but buying eth now and later if it drops is something i would recommend to anyone. It always drop harder when people are afraid of sell the news event, because whale marketmakers that are speculators anticipate the drop and remove ton of their high buy orders. I know i would if i would be a whale. I would just slightly go and accumulate.

[Ojima-ojo]

It's been almost of week since the Ethereum ETFas went live and the price is very much below the initial price it was prior to the actually listing. While the inflows have been great, the outflows have been it seem like the ETFs don't have any impact on Ethereum price sentiment. Bitcoin followed a similar path when it's ETFs went live first with a dump that was advertised as a "sell the news" event to breaking all time high. What I know for a fact is that Ethereum plays a vital role for all the other altcoin tokens in crypto right now.

Is it not too early to expect anything as results of the recent Ethereum ETF?

Take for instance, when bitcoin ETF went live, it took sometimes before the actual reflection of that event on the bitcoin market, so I believe it is the same in the case with ethereum, infact it be harder since ethereum can not do any market movement to create all time high on it own, as it depends on bitcoin and the entire crypto market to see such a push up, so as we expect ethereum to increase in price in this time so also we should First expect to see bitcoin taking the leads.

[nelson4lov]

~Snipped

Is it not too early to expect anything as results of the recent Ethereum ETF?

Take for instance, when bitcoin ETF went live, it took sometimes before the actual reflection of that event on the bitcoin market, so I believe it is the same in the case with ethereum, infact it be harder since ethereum can not do any market movement to create all time high on it own, as it depends on bitcoin and the entire crypto market to see such a push up, so as we expect ethereum to increase in price in this time so also we should First expect to see bitcoin taking the leads.

For sure. It would take a while before we'll see the ETF reflect on Ethereum's market. While the inflows have been good, the outflows have been much more and have kept the pricing lower despite everything. The general concensus that I have heard from a lot of people in CT (I share the same sentiments too) is that, the same playbook with Bitcoin is being run again with ETH being the main character this time. And until Grayscale sells majority of the ETH it has, the price will get suppressed. It looks like that would be the case from now to the remainder of the month. Maybe we get some positive price movements in August, who knows.

[Cryptoababe]

Ethereum boosts altcoins. So, the price of Ethereum going up will surely have a direct impact on other coins, just as Bitcoin price movements also impact Ether.
Although this might not happen immediately but as Ethereum keeps moving, some other altcoins will start to move faster.

[X-ray]

I dare to say that this phase of "sell at the news" event is good for investing for anyone that's actually trying to find good entry price.

I just bought plenty of ETH @3100 and it's been quite great decision so far, but I already losing some money on my long position with 2x leverage so just want to even out the loss but i expect the price to get back to $3500 again just like how BTC back then when there were so many outflow the price tanked only for it to go back again after these fomo people done selling their BTC.

just remember that ETF is not a pump and dump event but to expose ETH to bigger capital.

Agreed! ETF is for big hands to be able to have some ETH for themselves in funds. I too think the ETH should go back to where it was or even a bit higher, but I would only go in the spot (when the price is 3000-3100ish, which it was recently), go into the long game and watch after the news.

price already rising again, it's the same pattern just like BTC all over again, tanking when BTC ETF is live because the whales are selling on the news, but it seemed even BTC right now is nearing $70k which helps quite a lot in growing the ETH as well.

i'm expecting ETH to go back at around $3500 level once BTC breakthrough $70k since it just means that there's bigger chance for the market to pump BTC again beyond $74k which is previous ATH and we will see massive jump in the price like 2020 again.

history will repeat itself  .

[bitgolden]

The outflow definitely shocked me, I mean it is obvious that we didn't expect as much money going into ETH as it was going into BTC, but at the same time I personally did not expected ETH to have outflow that is higher, and that does scare me a bit.

Like it could start to mean that we are getting tired of the ETF stuff already, there should have been some hype and it should have seen a lot longer profit period where a lot of people put a lot of billions into it. Just recently started and we are already having people going out? Like it is such a new thing is, it is not really reasonable to sell it already, when did you end up buying and when did you end up selling when you think about it that way, feels weird.

In the end, market will do whatever market wants to do and I guess we have to just face that and accept the situation, not really anything else we can do about it. I really want to see it grow something else, but that doesn't really feel like the case at this moment. What we can have however is the situation where things going to be a little different and because of that we could make it change, like we could have some sort of reasonable approach in the future with a slower growth.

[betswift]

I dare to say that this phase of "sell at the news" event is good for investing for anyone that's actually trying to find good entry price.

I just bought plenty of ETH @3100 and it's been quite great decision so far, but I already losing some money on my long position with 2x leverage so just want to even out the loss but i expect the price to get back to $3500 again just like how BTC back then when there were so many outflow the price tanked only for it to go back again after these fomo people done selling their BTC.

just remember that ETF is not a pump and dump event but to expose ETH to bigger capital.

Agreed! ETF is for big hands to be able to have some ETH for themselves in funds. I too think the ETH should go back to where it was or even a bit higher, but I would only go in the spot (when the price is 3000-3100ish, which it was recently), go into the long game and watch after the news.

price already rising again, it's the same pattern just like BTC all over again, tanking when BTC ETF is live because the whales are selling on the news, but it seemed even BTC right now is nearing $70k which helps quite a lot in growing the ETH as well.

i'm expecting ETH to go back at around $3500 level once BTC breakthrough $70k since it just means that there's bigger chance for the market to pump BTC again beyond $74k which is previous ATH and we will see massive jump in the price like 2020 again.

history will repeat itself  .

I agree! We should wait out and be patient, as there are many factors in place, and the rush is not needed. Big hands will get what they want from the dips that happen now (because of those who already put their investments on futures long on ETH), but this won't be forever, as you said with the moves from Bitcoin we should be able to see ETH on the pump.