Ethereum has seen its fair share of negative days where it had consistently just kept on decreasing in price, day after day. This marked the beginning of the bear, and the end of the bull.

In general, everyone assumes that the ETF is going to skyrocket ETH's marketcap and make it 2x into 6k, but it won't. All the ETF did for bitcoin was skyrocket it to a price of 73,000$ - in ETH terms, we're looking at $4,700. It's a nice way up from the current $3,000 we're at right now, and is not an actual indicator on how things are expected to go. 

Regardless, Just like how bitcoin didn't see anything happen to its' price until a few weeks after the ETF approval, the same will likely happen to ethereum but with less hesitation, meaning that the effect on price will likely come into effect when institutions figure out how to get some cash liquidated in order to accomplish their respective goals which is to purchase some of that sweet sweet ethereum while federally insured for losses by the Federal investors commission.

It's interesting to see how it all unfolds over time, I bet that all the top 3 cryptocurrencies will likely see their own ETF within the next 1-2 years, and maybe more in the coming future since all these ETF companies want to make a pretty buck off of commissions just like Binance and every other company like it; it's all obviously financially motivated due to it being in the finance sector after all.

In conclusion, it is important tot keep in mind that the majority of these tokens that'll enter approval will end up being entirely manipulated by the big institutions and that's something we don't really want, but people will aim to buy and profit regardless, out of sheer greed. 

Crypto is already being institutionalised, and it's just the beginning. 

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