Bitcoin Forum

Ethereum just fall to 564$ from 600$ in couple of hours. What do you think the reason for this massive fall within a short period of time ?

No one knows the reasons why prices go up or fall down in crypto markets. Its just something you have to accept as a manipulation done by whales to get weak hands to panic sell their coins and fill the bags of whales. Just think it as a method to make sure that only strong hands are hodling the coins in the long term.

The price of the Efirum is now below $ 550, which means that this is an excellent opportunity for investment, in the future there may not be such a good opportunity.

It's pretty depressing that recession in crypto is so long this year. On the bright side, $500-600 for ETH is still more than same time a year ago, so I just try to be patient.

I am not sure about reducing the price but as crypto market now ETH seem down the price day by day but its not permanent and its happen not only ETH, its happen all coins in crypto market coming soon market will grow up again

It seems this is common in the last few months market conditions are very unstable often eth prices are up and down.
If the current price is below $ 600 then it can be an opportunity to earn profit by buying eth at this price I am sure the price will rise again.

i think the current market situations is being manipulated,,
and will touch the bottom, before the price of cryptocurrencies will be explode

Ethereum is falling in price - no one knows exactly why. Ethereum is growing in price - also, for sure, no one knows why :) So it was always, this is the market.

I think it is falling due to the poor volume in the overall crypto market and that could be stimulated by weekends especially sunday when everyone needs money and takes the day off, im expecting better market from tomorrow.

it seems like bad news still haunts us where the price of ethereum continues to fall below $ 600, I hope it does not last long because we've been too long made worried about things like this,

If ethereum coins will go down below $600 then there will be a lot of people who are going to invest, decreasing of prices is not bad because it gives you time to invest a huge amount while it the price will be cheaper.

I will buy ETH for below $500 for 33% and buy more 33% for $400 and another 33% for $300. I beleive in Vitalik's team they will make Etherium faster soon with Casper. I'm sure that will be the lowest prices for ETH.

Bitcoin price decrease that's why it pull ETH price too but if you will look into BTC/ETH pair still no changes at all.

And besides, from $600 to $564 a massive fall seriously? You will be used to it someday just relax and don't bother with it. Goal for long term and ignored any unpleasant views on the way.

I think it's not just the price of Ethereum that is currently experiencing a decline, but we can see many altcoin experiencing the same thing, even Bitcoin also experienced it. But we must remain confident and patient, because I'm sure in the middle of this month, things will get better

News channels associated today's fall in the value of the Ether (and BTC too) with hacking Korean exchange Coinrail. And the price is not so much fell - like it was a few weeks ago.
https://ethereumworldnews.com/cryptos-dump-as-korean-exchange-coinrail-gets-hacked/ (https://ethereumworldnews.com/cryptos-dump-as-korean-exchange-coinrail-gets-hacked/)

This is because Bitcoin's price has fallen, the total trading volume is very dull, I suspect that there may be involved 160 000 remaining bitcoins of the Mt. Gox exchange.

Ethereum price rise or fall could be as a result of so many reasons! Whale traders may decide to manipulate the market by flooding the market with fun to buy lower and lower until they get serious bargain from the market.

It is just a correction. You should learn something about technical analysis. I think it can be below 400$ but it is the worst scenario.

I do not think that the fall in the price of crypto currency by 8% per day can be considered as something supernatural. This is a normal situation and soon the market will turn.

I actually see the price drop as a trap for the weak hands to sell their coin very cheap to the whales. I don't see that news as something that can affect the market but the whales have succeeded in their manipulation.

I don't think ETH holders need to worry about something particularly going wrong. Today is a bad day for all markets in general - this happens from time to time, especially at the weekend. Just HODL what you already have and think about buying more of the coins you love whilst they are this cheap.

I think we will look back at todays prices in a few months and wish we had stocked up more!

No one can know waht the price will be , its sad to see ETH price below 600$ its really undervalued now, so may be its a good time to buy in now, hope its not going to fall more

Ya its so sad to see this again cap is down bellow 300 billion but you can see ethereum is holding stronger than bitcoin i mean only 50 billion difference now.

I see that some people find this situation very positive and the price very attractive to invest. Not sure what caused such sudden fall, but I'm absolutely convinced that soon it will go up again. No reason to panic)