Some reason why ethereum down

[moantana]

yes, maybe developer tokens with eth platforms sell their eth products and the market becomes a price drop at the same time

[vegasus]

Ethereum coins go down because of the influence of the ICO. Currently ICO is in a bad condition with many Scam projects, so no investors enter and buyers of Ethereum are reduced. But I am sure, Ethereum can come back again and will maximize the price again. I currently see Ethereum getting better and the price starts well too.

[Cold_Zero]

Since the majority of the whole crypto-currency market is dropping.

Eth possibly dropping somewhat quicker yet as a rule we are in a bear market for altcoins and none of them went up in cost for a loooong time. Which implies eth isn't unique or advantaged or something in light of the fact that eth will drop also when the market drops, eth has nothing more that would make it exceptional and rise while every single other coin are dropping in cost.

[88percent]

Ethereum dropped at this time the cause of me myself did not know for sure. It might be because the ICO image is not good, or Ethereum has a reduced interest and also the investors. But I'm sure the future will be even better. Ethereum is not such a weak coin and I am sure that in the future it will be a good coin and a potential for the future.

[Huch]

Prices have dropped because there are many negative issues about cryptocurrency which ultimately investors think twice about investing and simultaneously investors who have joined to make ETH sales big because of the tendency to worry about the future of digital currencies

[onepiece]

Ethereum dropped because of the influence of Bitcoin. Because until now almost all Altcoin is still influenced by Bitcoin. So this is what causes the price of Ethereum to be affected by the decline in the price of Bitcoin. I hope users here can understand about Ethereum. I'm sure everyone will understand.

[Doctor]

The majority of analysts in the cryptocurrency sector have attributed the decline in the
price of ETH to the sell off of ERC20 blockchain projects that have raised
millions of dollars in ETH in their token sales

I think It just market correction, because There is many negative issue and at several country, The governments ban crypto currency.

[mlegend]

At present Ethereum is down because of successive sales. I'm sure this will be a bad thing because obviously this will reduce the price of Ethereu. On the other hand there are also many people who are panicking especially Ethereum users and investors who panic and sell their coins. Therefore this will cause the price of Ethereum to drop even further. Maybe that is the main cause.

[Jaguar]

Basically ethereum down due to bitcoin stagnant price around 6-7k. Ethereum just follow what bitcoin price indicates then the rest of alts will decline also.

[aldenlim]

Basically ethereum down due to bitcoin stagnant price around 6-7k. Ethereum just follow what bitcoin price indicates then the rest of alts will decline also.

And today the price of Bitcoin has fallen to $3,738.52 dollars when writing this and Ethereum is $104.74 dollars
This bearish market is really unexpected by a lot of investors because the majority of them thought that it will be
bullish on November.

[CiviC888]

That's right, besides the problems with inflation, ethereum still has a lot of ICOs that sell their coins after fees, which has a very negative effect on its price, given the difficult time for the market!

[PreshB]

There  are  several  reasons  why  ETH  is  down. 1.  The  number  of  new  2. Bitcoin  price  is  also  contributing  to  the  down  fall  of  ETH,  3.  The  investors  are   very  slow  in  investing.  3. The  ICO  is  facing  a lot  of  scam  project  5. Final  it  may  be  that  the  developers  is  trying  to  put  some  things  order.

[Naswaty10]

among the reasons that make the price of etherium down static is. you etherium prices follow the movement of the bitcoin price chart. as if bitcoin would be a driver and etherium became a passenger

[aldenlim]

among the reasons that make the price of etherium down static is. you etherium prices follow the movement of the bitcoin price chart. as if bitcoin would be a driver and etherium became a passenger

The bearish market is definitely the reason while Ethereum is down and almost every coins and token are down
too because of this current situation and whenever Bitcoin is dumped everything below the king of cryptocurrency
will be going down too because they are all dependent on Bitcoin's value.

[pat4cryptoreal]

I don't understand what you mean by ETH selling off of ERC20 blockchain projects. Kindly elaborate what you mean.