Ethereum (ETH) Price Struggles Despite the ETFs Launch
The price of Ethereum (ETH) has witnessed a substantial downturn following the introduction of the Spot Ethereum ETFs, suggesting that the debut was a “sell the news” occurrence. According to an analysis, Ethereum has experienced a 10% decrease in value since trading commenced on July 23. Further losses may occur. Markus Thielen, the Head of Research at Matrixport, provided a comprehensive explanation for the decrease in the price of ETH.