They rose the price of Ethereum just before Ethereum ETFs were announced. From trading below 3K to trading above 3.8K in 24 hours. It were the people that knew the news about ETF are coming. After the SEC announced EThereum ETF, many traders and investors bought and held Ethereum in anticipation of rise. But on contrary the market makers dumped the price so that a lot of traders would be liquidated. The same thing had happen with Bitcoin. The price seems to be stabilizing and we could need to wait a couple of days before the price would again start to rise.
I guess its just the usual normal buy at rumour sell at news kind of thing, which is fine since the price gonna be picking up later on in my opinion.
whenever the real events arrived its underwhelming same thing with the halving but the news of halving has been successful in helping us rising above the all time high I call that a big success already.
same thing with the case of ethereum with the etf approval price instead tanking a little bit definitely not a problem, but its already good enough if somehow at the end of the year or first quarter of the next year the bullrun is coming we already have quite high price base to start with.
hopefully it just means that we gonna have really high eth that gonna sets stark contrast if compared with the previous ones.