Question: Is Etherium price being depressed by SEC lack of approval for an ETH ETF?

I've been invested in crypto for the last 3 years. Have had times when I could have pulled out with some decent returns but I've been invested in Bitcoin, then Etherium, then a bit of ADA then going back to a 50/50 split between Eth and BTC.

Currently I'm split between Solana, Eth, Bitcoin with a few ADA. The Bitcoin ETF is very encouraging and I'm anticipating at least a decent bull run for 2024. I've noticed that Eth and BTC have been basically moving in tandem for the last year. But now I see a little divergence in price. I'm wondering if it's because the SEC won't approve an ETH ETF the way they did with BTC?

Thoughts?

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