Ethereum Has Just Fallen

[vegasus]

Since the market crash that occurred on the 5th, until now, the market conditions are still very fast changing and volatile. Not only Ethereum, SOL and TON also experienced a fairly far level of crash, and even until now, if we look at the graph of these coins, there are still several drastic drop points,

However, in the last 24 hours, the price of ETH has also dropped drastically, around -4.6%, this is quite a far drop.
https://coinmarketcap.com/currencies/ethereum/

[Jating]

Since the market crash that occurred on the 5th, until now, the market conditions are still very fast changing and volatile. Not only Ethereum, SOL and TON also experienced a fairly far level of crash, and even until now, if we look at the graph of these coins, there are still several drastic drop points,

However, in the last 24 hours, the price of ETH has also dropped drastically, around -4.6%, this is quite a far drop.
https://coinmarketcap.com/currencies/ethereum/

Everyone is still on the negative side unfortunately, including Bitcoin. Obviously, it is the prime mover, so where Bitcoin goes the rest of the altcoin market follows.

But we shouldn't panic at all, this market is very volatile and others says that August is a ghost month and if we look at the historical logs of this month, it really doesn't look good. Last two years of Bitcoin where -13.88% and -11.29%. Currently it stands at -10%. So if the trend continues and it will also be applicable to Ethereum, we might be looking for another downturn in the next couple of weeks.

[koang]

Since the market crash that occurred on the 5th, until now, the market conditions are still very fast changing and volatile. Not only Ethereum, SOL and TON also experienced a fairly far level of crash, and even until now, if we look at the graph of these coins, there are still several drastic drop points,

However, in the last 24 hours, the price of ETH has also dropped drastically, around -4.6%, this is quite a far drop.
https://coinmarketcap.com/currencies/ethereum/

Everyone is still on the negative side unfortunately, including Bitcoin. Obviously, it is the prime mover, so where Bitcoin goes the rest of the altcoin market follows.

But we shouldn't panic at all, this market is very volatile and others says that August is a ghost month and if we look at the historical logs of this month, it really doesn't look good. Last two years of Bitcoin where -13.88% and -11.29%. Currently it stands at -10%. So if the trend continues and it will also be applicable to Ethereum, we might be looking for another downturn in the next couple of weeks.

Yep, investors should be more careful when making decisions.
This price drop has caused fear and panic among investors, but I feel this dump is short-term
This rapid and unexpected price movement could be a great opportunity, BTC  is going much higher it’s just a matter of time if we are not eating this.
And the reappearance of Bitcoin accumulation activity by big investors is also interesting to watch further.

[Manna]

There is much expectations from ethereum to perform this year, this begin with the urge from its users to see it attain all time high, just as we have seen with bitcoin, we also expect that sooner, ethereum should make it up to like $5,000 or more, though the recent bear market that renders many cryptocurrencies into dip doesn't means for anything than a little time occurrence on market shifts, many of them by now have been finding their ways upward again.

You rightly commented that Ethereum has a lot of expectations this year.  New upgrades and technological developments in Ethereum can have a positive impact on its performance.  Like Bitcoin, Ethereum could be on its way to all-time highs if it can improve its use case and attract new investors.

 While the current bear market is challenging for many cryptocurrencies, Ethereum could also perform well if the market recovers.  Especially if it is able to achieve a price of $5,000 or more, it will be a significant achievement for investors.

 Overall, considering the volatile nature of the crypto market, it is important to invest at the right time and understand the market conditions.

[de_prof]

Since the market crash that occurred on the 5th, until now, the market conditions are still very fast changing and volatile. Not only Ethereum, SOL and TON also experienced a fairly far level of crash, and even until now, if we look at the graph of these coins, there are still several drastic drop points,

However, in the last 24 hours, the price of ETH has also dropped drastically, around -4.6%, this is quite a far drop.
https://coinmarketcap.com/currencies/ethereum/

Everyone is still on the negative side unfortunately, including Bitcoin. Obviously, it is the prime mover, so where Bitcoin goes the rest of the altcoin market follows.

But we shouldn't panic at all, this market is very volatile and others says that August is a ghost month and if we look at the historical logs of this month, it really doesn't look good. Last two years of Bitcoin where -13.88% and -11.29%. Currently it stands at -10%. So if the trend continues and it will also be applicable to Ethereum, we might be looking for another downturn in the next couple of weeks.

Yep, investors should be more careful when making decisions.
This price drop has caused fear and panic among investors, but I feel this dump is short-term
This rapid and unexpected price movement could be a great opportunity, BTC  is going much higher it’s just a matter of time if we are not eating this.
And the reappearance of Bitcoin accumulation activity by big investors is also interesting to watch further.

It seems like investors are collecting bitcoin and adding assets to their wallets, so we should follow their steps by buying some potential coins to hold. Maybe in the next two weeks we will see Bitcoin appear to be struggling, but that's how crypto is. It is difficult to predict crypto prices accurately, long-term holding is the best choice this time.

[LogitechMouse]

---
I am just wondering...should we not expect the cryptocurrency industry to be doing fine if there can be recession? I think the answer is that this industry has not yet been decoupled with things happening - good or bad - with the actual economy.

Anyway, do you think that eventually Ethereum will be making a big comeback most especially that we already have ETFs for the said digital asset?

I will only say that the crypto market has been decoupled with other markets out there especially the Stock Market if Bitcoin's price will not follow the price movement of the Stock Market particularly the S&P500. If the US Stock Market will undergo a massive dropdown in price then I believe that the whole crypto market will follow as well as investors will panic therefore, they will be selling those assets that they're holding as well.

As for Ethereum, it will be just fine. I mean it has been fine despite of what's happening with it lately. It remained the 2nd top most in terms of market, and the community around will continue to support it no matter what happens. I don't think that it has fallen, but maybe it just remained stagnant when it comes to it's price.

[de_prof]

There is much expectations from ethereum to perform this year, this begin with the urge from its users to see it attain all time high, just as we have seen with bitcoin, we also expect that sooner, ethereum should make it up to like $5,000 or more, though the recent bear market that renders many cryptocurrencies into dip doesn't means for anything than a little time occurrence on market shifts, many of them by now have been finding their ways upward again.

You rightly commented that Ethereum has a lot of expectations this year.  New upgrades and technological developments in Ethereum can have a positive impact on its performance.  Like Bitcoin, Ethereum could be on its way to all-time highs if it can improve its use case and attract new investors.

 While the current bear market is challenging for many cryptocurrencies, Ethereum could also perform well if the market recovers.  Especially if it is able to achieve a price of $5,000 or more, it will be a significant achievement for investors.

 Overall, considering the volatile nature of the crypto market, it is important to invest at the right time and understand the market conditions.

Ethereum development is quite good this year because there is a decrease in gas fees, which are not as expensive as before. but as long as bitcoin experiences a correction and the price falls we will not see the price of ethereum rise to reach $5K, we should wait until the price of bitcoin improves again above $65K. This is just an analysis and prediction after seeing market movements this year after Bitcoin reached ATH.

[|MINER|]

Seems to me that Ethereum has been a major victim of circumstances this month of August as it fell around $2100 level before rebounding to where it is now at $2229. Together with Bitcoin and even the whole cryptocurrency industry, we are experiencing a sea of red waves that may be taking some roots for some days as there is a fear of recession for USA and global economy that can surely affect more.

I am just wondering...should we not expect the cryptocurrency industry to be doing fine if there can be recession? I think the answer is that this industry has not yet been decoupled with things happening - good or bad - with the actual economy.

Anyway, do you think that eventually Ethereum will be making a big comeback most especially that we already have ETFs for the said digital asset?

Actually I also won't gonna say that Ethereum is only one who is being the victim of the circumstances because in the August month we see all the market of cryptocurrency has bee fallen what no one expecting. Like no one expecting that Ethereum will down to $2100 and as well as the no one thought that bitcoin will down under the 50K.

And we also see some big down to Polygon matic coin I have investment few month ago and my current fund became half of my investment. Anyway, even these unexpected incidents I have still believe that when the bitcoin bull season will be turn on the Ethereum will be also on the alt season.

[nakmantu99]

Seems to me that Ethereum has been a major victim of circumstances this month of August as it fell around $2100 level before rebounding to where it is now at $2229. Together with Bitcoin and even the whole cryptocurrency industry, we are experiencing a sea of red waves that may be taking some roots for some days as there is a fear of recession for USA and global economy that can surely affect more.

I am just wondering...should we not expect the cryptocurrency industry to be doing fine if there can be recession? I think the answer is that this industry has not yet been decoupled with things happening - good or bad - with the actual economy.

Anyway, do you think that eventually Ethereum will be making a big comeback most especially that we already have ETFs for the said digital asset?

Actually I also won't gonna say that Ethereum is only one who is being the victim of the circumstances because in the August month we see all the market of cryptocurrency has bee fallen what no one expecting. Like no one expecting that Ethereum will down to $2100 and as well as the no one thought that bitcoin will down under the 50K.

And we also see some big down to Polygon matic coin I have investment few month ago and my current fund became half of my investment. Anyway, even these unexpected incidents I have still believe that when the bitcoin bull season will be turn on the Ethereum will be also on the alt season.

Yes, in August almost all coins experienced a price drop until the assets in my wallet decreased a lot and I could only hold and wait. If the price of bitcoin drops, almost all altcoins will drop in price. That's what always happens. We should wait while doing research and buying other coins while the price is low.

[erus]

Ethereum has not completely dropped in price because if you look at it, Ethereum has dropped in price following the Bitcoin market, the Bitcoin price value has also dropped to 50,666 USD or even more.
It's just that the level of loss experienced by Ethereum holders is very visible in their portfolios, I'm sure the minus is more than 10%. This must be painful but the name of cryptocurrency is that price fluctuations are certain to occur.

[|MINER|]

Yes, in August almost all coins experienced a price drop until the assets in my wallet decreased a lot and I could only hold and wait. If the price of bitcoin drops, almost all altcoins will drop in price. That's what always happens. We should wait while doing research and buying other coins while the price is low.

Yes that is the reason what I am saying that all market All the cryptocurrency market was fallen in the August but we the people are blaming only the Ethereum I have already mentioned that about the polygon matic coin.
And I think if we saw then downish market with general mans eyes then we will say that it is a worst month of crypto world but I will say that the wise people who are the long-term holder will say this is an opportunity month to adopt crypto for the long-term.

[sampoerna]

Yes that is the reason what I am saying that all market All the cryptocurrency market was fallen in the August but we the people are blaming only the Ethereum I have already mentioned that about the polygon matic coin.

Some people may only focus on Ethereum as their biggest investment, besides Bitcoin. That's why they only see the market movement of this coin. But indeed, this can actually be a trigger for people who are very easily panicked, so that with the drop in the price of ETH even though it is only a little, they immediately panic and make the price of ETH fall even more.

But indeed, compared to its competitors, namely BNB and also SOL, the price of ETH since a drastic drop and crash in early August, until now, the price of ETH is still quite down. While BNB itself in the last 7 days still gets an increase of more than 8% and SOL also although only a little, or not much different from ETH. However, ETH is currently experiencing a price decline again in the last 24 hours.

[Vision pro]

Analyzing the current cryptocurrency market, we can see that all the coins have red signals.  The cryptocurrency market is currently facing challenges.  In particular, fears of a recession in the US and the global economy have worried investors, which is having a negative impact on the crypto market.  No one can say exactly why the market went above such a situation.  However, such a situation does not seem to last long.

[doc]

Yes that is the reason what I am saying that all market All the cryptocurrency market was fallen in the August but we the people are blaming only the Ethereum I have already mentioned that about the polygon matic coin.

Some people may only focus on Ethereum as their biggest investment, besides Bitcoin. That's why they only see the market movement of this coin. But indeed, this can actually be a trigger for people who are very easily panicked, so that with the drop in the price of ETH even though it is only a little, they immediately panic and make the price of ETH fall even more.

But indeed, compared to its competitors, namely BNB and also SOL, the price of ETH since a drastic drop and crash in early August, until now, the price of ETH is still quite down. While BNB itself in the last 7 days still gets an increase of more than 8% and SOL also although only a little, or not much different from ETH. However, ETH is currently experiencing a price decline again in the last 24 hours.

We should be diversified in investing, not just focus on ethereum because other altcoins also have more potential and are experiencing good growth, as you mentioned, Solana and BNB had better movements when bitcoin took a sharp dive and then recovered.

[Stompix]

You just have to love analysts:

https://cointelegraph.com/news/ether-price-drop-investor-sentiment-etf

So these guys and their research basically say that, it's not outflows that made the price go lower, it's investors' sentiment.
In other words, it's not rain that makes you wet it's water falling from the sky.