Chainlink Price: Bulls Hesitate Despite ETF Hopes, Technical Signals Point to Weakness

The crypto market is closely watching Chainlink’s price following reports that a first-ever spot Chainlink ETF could launch this week. Grayscale plans to convert its Trust into an ETF, which would be significant for LINK. However, despite the positive news, Chainlink’s price has dropped more than 6% in the last 24 hours and is currently trading near $12.19. This drop stands out compared to most of the market and raises questions about further downside.