Why Is Ethereum Price Dumping Following ETH ETF Approval? Potential Impact on Bitcoin (BTC) and Altcoins

The price of Ethereum (ETH) has taken a nosedive, contrary to expectations of a bullish rally following the approval of several Ethereum exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC). This unexpected price dump has left many investors puzzled and concerned about the implications for the broader cryptocurrency market. On May