Ethereum (ETH), the foremost altcoin by market capitalization, has seen a substantial decline in value in the wake of Bitcoin’s recent drop. Its descent seemed to defy expectations of an imminent ETH ETF listing in the coming days or weeks. The primary catalyst behind this downturn was apprehension that Bitcoin sell-offs were exerting overwhelming pressure on the market. A well-regarded analyst had earlier projected a bottom target for Ether just before the decline began.
