Analysis: After the launch of Ethereum spot ETF trading, the coin price may face selling pressure

BlockBeats reports that on July 22, BRN analyst Valentin Fournier stated that the price of Ethereum might drop immediately after the launch of Ethereum ETF spot trading. He said, "Ethereum may face huge selling pressure at the beginning of this week, and the launch of ETFs may not be able to offset this pressure immediately." Therefore, Ethereum may experience selling pressure on the day of the ETF's launch and then gradually rebound.

According to Deribit data, the put/call ratio has soared to 1.45. This indicates that there are more bearish options than bullish ones, suggesting traders expect an immediate drop or are seeking to hedge against a price decline.