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No need to panic. And for ETH, this time the rate is at $2,685, this is a very big drop, from $3.3k to this number. Of course this will not be easy for Ethereum investors, especially those who do it for the short term, this is definitely a loss, however, be calm and try to stay making it for a longer period of investment.
Not only ETH, but it has an impact on all altcoins that have experienced a big decline.
This is a good opportunity to buy back at a cheaper price if you still have money reserves.
Yes, that's right, this doesn't only happen to ETH. It's common for Bitcoin to crash, most altcoins will follow suit, either more deeply or normally. Even if we look at the Coin Market Cap homepage menu, up until now, of the first 100 coins on CMC, only USDT, UNUS SED LEO, Mantra, BERA (crazy pump), USDD, and Tether Gold have experienced an increase, with green graphs. Besides that, everything is red. Even worse, the price drop can be up to more than -40% in 7D. If you are not patient and if it's painful, this investment is over, you will definitely lose. But fortunately this is not the first time, so keep a strong hand and stay calm.