Let it be done for the instance then we will see further in it. I have been hearing this talk for a while now but there is no output of it. Like people were taking about the halving of BTC and it's performance after halving but it didn't came out that much richer than it was thought of.

So that's a something that needs to be talked on after it will be done because production without any data don't come out richer.
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Your cautious approach and emphasizing the importance of waiting for the tangible results and data before drawing conclusion, reflects a prudent stance. However, it is not possible to anticipate the price of any asset to some extent without considering the historical patterns, and this is how we decide to invest in any financial asset in the hope of making profit. It is also true that what happened in the past is not necessarily repeated but when we combine these patterns with fundamental factors such as overall state of the economy, we can make more prudent investment decisions.

In summary, approval of Ethereum ETF  can potentially advance the world of cryptocurrencies and open new opportunities.