ETH comes down so much what is the main reason?

[pealr12]

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?

Btc is down is it is very normal to see eth down too since the whole crypto market work in sync, but now the seem to be coming back gradually even though it is not clear if bull trap pr not.

[Mas Bro]

There is some negative news about crypto which has led to a drop in crypto prices. One of them is the news about China banning cryptocurrency and its activities and I think this particular news is the main cause of the decline in prices. Not even Ethereum alone was affected but Bitcoin and all the altcoins also experienced a drastic drop in price. Nothing can be done about it, we can only wait and hope that the cryptocurrency correction will not last long.

[Seerge]

That's right, the news from China about the ban on Cryptocurrency yesterday really had a tremendous effect on the price of Bitcoin and other Cryptocurrencies. If the price of BTC were to survive, maybe the price of Ethereum and other coins could be.  But because the price of BTC Dump was huge, eventually other coins followed suit. And I think the main factor for Ethereum's decline yesterday was bad news about Cryptocurrency in China.

[vegasus]

Actually, not only ETH that comes down but all cryptocurrencies are down. It is due to the down price of BTC so deeply. SO it seems to be a bearish time.
However today, ETH can recover more quickly like now, it has been at $2,778.30.
Check the coin market cap about your crypto tracking,
https://coinmarketcap.com/

[Jaya60]

The reason for the decrease in Ethereum price is due to the price dumping of Bitcoin. Etherium pumps up the price whenever the price of Bitcoin goes up and Etherium price goes down whenever the price of Bitcoin goes down. Of course, the price of Bitcoin will again exceed $60k, then the price of Etherium will hit $(5-6)k.

[Rifan Khan]

The reason for the decline in the price of Ethereum is that the price of Ethereum has come down due to bitcoin dumping.  But if Bitcoin is pumping again.  Then the price of Bitcoin will hit the market again.  It can be expected.

[sampoerna]

As we know, not only Ethereum that is decreased but all cryptos are decreased. It starts with Bitcoin that down until about 50% and makes all altcoins also decreased. So, be careful with this market situation., Don't panic sell and buy in this market situation. There may be some ways to be more patient. And we can wait for the ETH price rises again

[Doctor]

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 comes down so much, I think It happend because bitcoin is going down almost 50%.
We should wait the market will grow again .
If you have free money, I think You can buy more now.
The crypto currency price is cheaper, It is the right time to buy.
Let's do it

[Vx1]

The main reason why Ethereum comes down so much, I think It happend because bitcoin is going down almost 50%.
We should wait the market will grow again .
If you have free money, I think You can buy more now.
The crypto currency price is cheaper, It is the right time to buy.
Let's do it

I also see that, the price of Ethereum follows the price of Bitcoin. And I see other coins also experiencing a decline almost simultaneously, Bitcoin does have a big influence on Altcoins price movements. But still, every time there is a sharp decrease in the price of Bitcoin, it is always related to bad news about Cryptocurrency.

[Acifix]

That’s true but just a few days ago cryptocurrency marketing really but had a lot of impact in other countries.  BTC could have had a price.  Ethereum and other coins may be priced.  However, the BTC price reduction was due to the fact that the currency of this unique coin also had its followers.  I think the main reason for the fall of Ethereum is the bad news about the Chinese currency.

[azmirihaque]

Yes ehtereum price has decreased recently but you should know that not only ehtereum price but also the whole market has now in down trend. BTC price has largely decreased. Every market has ups and downs. In the last few months, we have noticed that crypto market was constantly upward and now in down. So, it will come back again.

[HeartBit143]

I think there is no any exact   reason for dumping the price of Ethereum. Crypto market always ups and downs, we showed it before. I think the dumping of all coins price is the main reason for ethereum price dumping. But I hope it will recover very soon.                       

[Mj joy]

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?

We all know that Ethereum ranks second in the crypto market.The way the Ethereum market is going right now, I think Bitcoin can catch it.A few days ago, everyone had a problem with the gas fee, but now it is no more.There has been a lot of investment in etherium lately.I think Ethereum has the potential to make a good profit in 2021.

[UNIVERSE]

The main reason why Ethereum down so much is that it follows the crash price of Bitcoin. If you see on the market, it is not only Ethereum that is down but all altcoins also experienced the same. So don't worry because you have many friends here 
Well, actually I am not sure enough. However, if we see the history of the previous bullrun, I think it still has chances to rise up

[hasyurt]

There is no negative news about Ethereum. Due to the drastic correction by BTC, all altcoins fell and Ethereum got its share. I think Eth will peak again when the market recovers. Maybe by the end of 2021, it can see 10k dollars.