ETH comes down so much what is the main reason?

[Derakelv]

The volatility of the crypto space and not just Ethereum is normal and nothing to panic about. Without this volatility, there would be no profit making. The main concern should be ensuring that your investment is actually in a token that’s worth it, as long as this is in place, there is no cause for alarm but just patience.

Ethereum is definitely one project that’s worth investing in so irrespective of the price fluctuation, it shouldn’t really matter. Bitay is also one of such projects to partake in as they have got a lot of promising potentials.

Bitay exchange is one of the fastest growing exchanges in the cryptocurrency ecosystem which allows trading and investing with ease with 700,000 KYC approved users and an average daily trading volume of $55,000,000. They’ve also got involved with NFTs, Bitay Visa card for fast transactions, watch to earn, P2E and many more.

When I invest in this kind of projects, I have peace of mind

[Beattysuhita]

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?

Many people panic when the price of the coin drops, so they sell their coins in a big way which only makes the situation of the Crypto market worse. The decline in the price of BTC was the trigger for the decline in the price of Ethereum, but we shouldn't panic about events like this. This cryptocurrency has high fluctuations, I am sure that sooner or later the price of Ethereum will return and please those who are patient with holding it.

[Bobcrypto]

As a matter of facts, when the price of Ethereum star going down, it is largely due to market demand/supply principles playing out, and some form of negative news or speculation etc. When these happens, many holders decide to sell for fear of loosing their assets (ether). This is some how a normal scenero and we experienced this situation many times in crypto market. Honestly, crypto market is very volitile, and there are big whales that will quickly dump the price for their advantage, unfortunately, it creat panic selling and some times high volume buying due to low prices.

[cheezcarls]

I wouldn’t worry if I were you no matter what price did you buy it. Ethereum has great long term use cases and fundamentals despite the gas fees are exorbitant and uncontrollable for now. Until now there’s still lots of Dapps operating under the Ethereum network.

I’ve bought it when Ethereum was under $200 in early 2020, and now currently at $3,700+ so I’m still at a win. I’m very bullish on ETH that’s why until now I am not selling it (except when it was used for paying gas fees or transferring ERC20 tokens).

[Ghozrd]

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?

All altcoins will decrease in price when Bitcoin price drops, it happens normally and there is nothing to worry about, there are many projects on the ether network, all projects require a gas fee to make transactions, the price will increase when more users use ether and it's proven with the current rising price of ethereum.
EIP 1559 brings a lot of changes and we will see the supply of ether coins continue to decrease and this causes the coin price to increase in the future

[ritiktakyan01]

In any market, volatility is a common thing. At this time the market of Ethereum is going down a bit. But in the coming time, the market of Ethereum will reach its peak, and Ethereum will shine like stars.

[dekafee79]

In any market, volatility is a common thing. At this time the market of Ethereum is going down a bit. But in the coming time, the market of Ethereum will reach its peak, and Ethereum will shine like stars.

I don't think about Ethereum will shine like stars, let's see the crypto currency market at this year. Because many investors predicted we will see long bearish season.

[Btclover]

Due to the sudden dumping of bitcoin price, the price of other coins including Ethereum has come down in this way. Now due to pumping the bitcoin price again but we can see that the price of all the coins in the market is increasing again.

[silkytakyaan86]

According to me, all the crypto market is down at this time. Whether it is BNB or Eth. Yes, one thing is there is a slight issue regarding the Eth fee. it is high.

[ritiktakyan01]

Currently, the entire crypto market is going down. Due to which, the price of Ethereum has also come down a bit. But it's nothing to worry about. Because in any market, volatility is a common thing. In no time, the market will rise again. And the price of Ethereum will touch the sky.

[damsix]

Ethereum can still recover quickly and Ethereum always gives the best for everything because I am sure that Ethereum will be something unique in the future.
Only by holding Ethereum coins can we get multiple benefits, such as staking or sharing dividends on a trusted platform and I'm sure all members in this forum can get that opportunity.

[densus88]

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?

The main reason why Ethereum come down because bitcoin going down.
that's normal mate, It's correction.
Believe it will rise again soon.

[Cryptoz]

The main reason why Ethereum price comes down very significantly is that the price keeps following the Bitcoin movement. It is not only Ethereum but also most altcoins that will follow the decrease of Bitcoin. Look at how Bitcoin will influence the crypto market during the bearish and bloodbath market condition.
If the Bitcoin price can rise up again, Ethereum may be able to recover again to the higher rprice.

[doc]

The main reason why Ethereum price comes down very significantly is that the price keeps following the Bitcoin movement. It is not only Ethereum but also most altcoins that will follow the decrease of Bitcoin. Look at how Bitcoin will influence the crypto market during the bearish and bloodbath market condition.
If the Bitcoin price can rise up again, Ethereum may be able to recover again to the higher rprice.

Yeah, altcoin will follow bitcoin movement.
The reason why Ethereum comes down, it because of bitcoin down.
I think we will see bitcoin pump at the next year maybe at 2024 after bitcoin halving.
We know Ethereum and other altcoin will always be follower of bitcoin, So let's see the bitcoin progress at this year.