ETH comes down so much what is the main reason?

[Google+]

calm down, I think this is still a correction because I see the conditions where the exchange is still recovering and can increase prices until the end of this year, don't let this correction to buy as much ethereum as you can to enjoy profits when the price of ethereum rises.

[Magepai]

In fact, I now think that the price of Etherium, the second most popular coin in the cryptocurrency, has not increased as much as Etherium Bitcoin.  But I think of course the Ethereum price will go up and hit $5,000. But now it is seen that the price of bitcoin is getting but the price of Etherium is getting lower. The main reason for this is that I still can't find out why the price of Etherium is not increasing.

[Lorix]

The price of ethereum has already gone up. So ethereum price is expected to break the previous record again by 2022 and set a new record. The price of ethereum has not increased comparatively. Because the price of Bitcoin has increased at the same rate as the price of Ethereum has not increased. The price of ethereum will go up a lot very soon so everyone should hold on to it.

[Chita76]

Ethereum coins are currently losing popularity due to gas fees.  Because selling tokens costs three times the gas fee than what can be sold.  No coins are currently being sold from the Etherium platform.  The main reason for the loss of popularity of etherium coins is the gas fee.

[lepbagong]

Ethereum coins are currently losing popularity due to gas fees.  Because selling tokens costs three times the gas fee than what can be sold.  No coins are currently being sold from the Etherium platform.  The main reason for the loss of popularity of etherium coins is the gas fee.

if you look at the market capitalization of ethereum, it is still very safe and there are still many who hold it. although it can be seen from the graph, the trend of ethereum can no longer coincide with the increase in bitcoin. only from febuary to may ethereum is still capable of more than bitcoin. after that it was always down and never increased with it, stuttering as if it couldn't keep up with bitcoin's rhythm anymore.

I agree with you that the cost of gas is indeed a problem in its own right so far in every trade, I don't know how long it will adjust again. it is possible that ethereum will have difficulty lowering the gas fee if the coin price goes up.

we have to admit that there are many projects that no longer use the ethereum platform, because all of them clearly don't want to lose the costs that will be received which are quite expensive for later distribution. Likewise, now many are using other platforms to outsmart the costs to make their transactions cheaper. so ethereum is having a bit of trouble at the moment.

will it continue? it all depends on the ethereum to be able to make those changes. we will wait because after all the project with the ethereum platform, it is clearly superior in price compared to other platforms.

[Google+]

I think the main influence of the fall in the price of cryptocurrencies like ethereum is due to the influence of bitcoin which has decreased in price, usually all altcoins including ethereum when bitcoin collapses will follow its movement.

[DAMKAR]

ETH market comes down so much what is the reason that it comes down and touches the 2334$ and day by day it touches the low. Can it will cover it in future or not?

when you create this thread, etehreum was going down, because bitcoin was going down.
That's normal.
Because Ethereum is always following bitcoin.
Market is going up again now, because bitcoin is going strong
that's the reason why the King always be followed.

[Trumpet]

One of the reasons why the price of Ethereum has come down is that the price of Bitcoin has come down. Because we all saw the market of Bitcoin a few days ago. But then the market for Bitcoin was down a lot. However, the price of Ethereum has been rising little by little since the price of Bitcoin began to rise. But hopefully Ethereum's market will turn around again soon.

[ExtraPoint]

At one time the price of etherium coins was very low and from there the market has risen completely and is now in a good position.Ethereum is now behind Bitcoin in the cryptocurrency market and is showing good performance in the market as well.The price of all coins may go down at some point. This happens all the time in the cryptocurrency market.However, the price of etherium has decreased before but now it is in good condition.

[Dark Knight]

A few days ago, China completely banned cryptocurrency, which had a bad effect on the cryptocurrency market.Then the price of coins in cryptocurrency went down. But now the market has completely turned around and moved to the same position as before.Now the price of coins is rising again.Other coins including Etherium are showing good market value.

[Rinat8368834]

etherium is not falling as much as other altcoins. But if it does fall, then the reason is only in one thing, that big business gets rid of this coin.

[nakmantu99]

A few days ago, China completely banned cryptocurrency, which had a bad effect on the cryptocurrency market.Then the price of coins in cryptocurrency went down. But now the market has completely turned around and moved to the same position as before.Now the price of coins is rising again.Other coins including Etherium are showing good market value.

China banned has bad effect, but I think It's temporary becaus We saw bitcoin and altcoin already risen after this China issue.
Don't worry about negative issue.
Bitcoin and altcoin will survive

[kulkhan]

Down and up is normal behavior for cryptocurrency. Ethereum is also a cryptocurrency some time it will up and some times it will down, Some days ago ethereum fall his price but now a days we are seeing ethereum huge pumping. Now ethereum price is 4000$+. Ethereum is best coin in cryptocurrency market, even it's price were down i think there had no tension today or tomorrow it will back.

[elbans89]

Down and up is normal behavior for cryptocurrency. Ethereum is also a cryptocurrency some time it will up and some times it will down, Some days ago ethereum fall his price but now a days we are seeing ethereum huge pumping. Now ethereum price is 4000$+. Ethereum is best coin in cryptocurrency market, even it's price were down i think there had no tension today or tomorrow it will back.

In my opinion ,  I think It is bitcoin effect.
I think you should learn the market, when bitcoin down altcoin will down,
As you said , that is normal, crypto currency is always volatile.
Keep calm and be focus

[Akhi600]

ETH market comes down so much what is the reason that it comes down and touches the 2334$ and day by day it touches the low. Can it will cover it in future or not?

Cryptocurrency works by moving the market up and down.  So Etherium went up and down for a while.  It depends on the demand but I would say Etherium cryptocurrency is a good coin.  But I think the current price is going up.