How will the bitcoin halving affect ETH price?

Dear cryptocurrency enthusiasts, the imminent bitcoin halving event has sparked much speculation within the crypto community. As a keen observer of market trends, I am particularly interested in understanding how this significant milestone for bitcoin may potentially impact the price of Ethereum, ETH. The bitcoin halving refers to the reduction in the reward for mining bitcoin, effectively halving the number of bitcoins rewarded to miners per block. Will this reduction in supply for bitcoin create a ripple effect that propels the demand for and price of Ethereum? Or will the two cryptocurrencies move independently of each other? I am eager to hear the thoughts and predictions of fellow crypto enthusiasts on this intriguing topic.