The market is really sensitive to these ETF news now, so the current price moves shouldn't be surprising. The media have convinced noobs that we'll have a new bull run this year fueled by ETF approval, so speculators are selling every time an ETF gets rejected. I'm going to trade with small amounts just for fun and to test my skills, so far I've sold a bit at $8,300 and planning to rebuy at below $7,000.
So, plan short-term profit trading could be safe option for now, isn't. With price now below $8k, many people should be ready to take buy position before price bounce back, ETH affect always being media consumption that makes market react fast.
and i don't know there is still a chance that by the deadline of this hyped up ETF we see a drop and up until that point we may see a lot of different things inclucing a big rise.
if you aren't already in then maybe it is best to wait because this is one of those times when market is mostly unpredictable.