Bitcoin Forum

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

You have to look at the market as a whole and don’t focus too much on ETH because the trend is going down again and that’s what you called corrections. Well, let’s all hope that this is just a temporary correction so stop panicking and you might see this one as an opportunity to buy again, start acting now.

BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.

ETH market crash because of the BTC market crash. Not only eth every other market crash as well. This correction was very inevitable and the whole market capitalization reduced to $332.19 billion. Crypto Fear and Greed indicator was also at a record level and some people just thinking about bull run. I think institutional investors now booking their profit and they will buy back at the dip.

That’s good for you, and I hope that you sell early right before the dump begins because if you did not, then your analysis is useless. I’m expecting this one to happen because people will always take profit but this is not the end of the uptrend yet, we will not end the year like this again I expect a bounce back after this one as well.

It seems the correction has already happened. And it almost equals the growth that was achieved in the past few days. That was just a matter of hours before the increase was totally wiped out.

But no worries. That was somehow expected anyway. That's always the case when there is a pump. People will seal their profit by selling their crypto holdings including Ethereum. Everything's pretty normal. In just a matter of hours also we will be seeing the price of Ethereum and other altcoins get back to having green candles. After the selling is done, the buying resumes. This is still a bullish season overall.

If it happens to other altcoins that are not on the top 50, we can conclude that investors are losing interest in that coin, but this is Ethereum, if it dropped 15% this does not mean that people are losing interest, or it's losing it's potential, if we looked on the other top coins in the market they are still on a dip we can call it a correction period pretty normal when there is a big pump.
There's nothing to worry about, many investors have already made a profit from Ethereum current's price.

actually not only ethereum but most of the top altcoins are going through the same thing and it might be a market correction, happened as BTC prices plummet after pumping in the $ 19k price range. but I don't think this is the end of the bull market, I'm seeing some altcoins slowly starting to recover their price.

it's caused by the bitcoin dump. People were massively liquidating their ethereum. Bitcoin whales have become the main reason why this dump is happening right now. It's clearly stated that on the some crypto news site about that.
It's not a big surprise to see that ethereum gets the same dump as bitcoin. Both were having correlation. Ethereum was following the bitcoin trend.
Bitcoin dump and that means ether dump too.

This market crash seems suspicious and in my opinion big whales have caused it to create panic and buy top coins for themselve in lower price, I am hopeful that market will quickly recover from this crash and eth 2.0 will again cause big fomo and pump in eth price.

The reason for this sudden drop is a sudden switch to another Altcoins or maybe some whales have switched their crypto assets to bitcoins. Also, there are possibilities that some people who hold ETH for a long time and wanted to take this chance to gain some profit from their long time holding of ETH. there are lots of possibilities though the common one will be this one.

Overall marketcap of crypto dropped from $580B to $501B in just a single day. They are all dumping after it couldn't break the 19500.

Very unfortunate for me I tried buying 1.4 ETH last night, If I just waited for just a day I could have had about 1.6ETH. This market is just unpredictable. I thought it will break barriers over and over.  

It's true as you said, the decline in digital currency prices are not only happening in ethereum but it is also happening in several other altcoins such as xrp, ltc, cardano and also bitcoin.
The negative sentiment that occurred caused the decline in ethereum prices to continue to decline by almost 10-15% and due to the downward trend movement in prices has reduced Ethereum's market capitalization down to around $61.31B, or around 10.40% of the total cryptocurrency market capitalization recorded on CMC recently,
Currently Ethereum is trading in the range of $537.
Hopefully the bearish trend doesn't press strongly so that crypto prices in the market will bullrun back in the market later.

increases and decreases are all natural things, and maybe ETH owners may take this opportunity
by getting the benefits they get, and increases or decreases are common from year to year.
we can just take advantage of the opportunities that exist.

Firstly; There is nothing like a flash crash; in crypto currency if you are very good in trading, and evaluation of market situations you would understand that any slight dump in bitcoin leads to a corresponding massive dump in etherum because all (96%) tokens; all  (96%) altcoins are paired with ETH Pair; while eth is paired with Bitcoin.

Fundamental and Technical analysis has predicted that there will be  a price correction in the market this week.
Hence the dump is not far from reach, if you did the basics correctly.

KEYWORD IS: Always do your trading findings diligently.

Because BTC' correction. All market movements closely follow BTC's movements. If you see BTC chart in this November, you can see it grows on a parabolic pattern, which is often very unstable and easily crash when correction happen.

Almost 10 of the coins in CMC also experienced a decline, stay calm and don't panic easily, we are still at the beginning of a growth that will break the history of ATH.

It seems it was the affect of the recent dump of BTC which was more than 10% within a day. Currently, it’s being traded at $16300, a significant drop within a day. Seems bearish while we expected it to be bullish. I can't see any other reason here.

that means ethereum can't leave from the domination that has been made by bitcoin. Another major crypto was dipping too due to the recent bitcoin dump.
The whales have been making a lot of noise around the market and they were dumping it when the market started to feel confidence with its position. There's not bad news about ethereum.
All of these drops were caused by bitcoin.

Yea not big surprise, its already be like a law of cryptocurrency price trend. Bitcoin Up, Alt Down. Bitcoin Down, Alt Down. Bitcoin Stable, Alt Up ;)

it's very simple btc price is down similarly eth price down it's a linked tokens now what is the reason somay people have a Panic now btc or eth price is increasing continue then so many people panicked selling there holding then price is decreasing

Nothing out of the ordinary happened as the altcoin has always moved in the wake of bitcoin. In addition, we already knew, or assumed that some of the cryptocurrency users inappropriately use the opportunity to consolidate their profits, which led to a fall.

It's not only Ethereum that has dropped, other coins have also experienced a very significant price drop, price correction occurred because the market has pumped a few days ago, don't panic too much with price corrections, this could be temporary.  so, you can take advantage of opportunities when the correction occurs as it is today.

Are you watching the whole crypto market? The dump starts from Bitcoin that's why many altcoins are going down too, bitcoin dumped from 19480$ to 16900$, that's a big dump and now I can't figure out if this is a correction or the bull market is already over

The link would have done the needful for some of us with or without TA ability. What i saw was the release of Okex exchnage to allow their withdrawals from the exchnage. This created some sort of danger to the entire cryptocurrency but that's good for those who aspired to buy more stash before the price move again. The move of Bitcoin negatively was the negative effect the altcoins got some hours ago, though it's what the market need to start another bullish momentum.

Some people have predicted that this will happen, some corrections will occur in the price of bitcoin and it turns out that altcoins will also follow and this isn't something we need to worry about.
Now it's time for us to decide when we will come back in.

Not only Ethereum price is dropped. Bitcoin and others coin price are dropped now (red day).
I think this is because of bad news about Paypal. Paypal suspend user for crypto trading using Paypal's own service.
Source : https://www.google.com/amp/s/cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service/amp (https://www.google.com/amp/s/cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service/amp)

well I totally agree with what you say, currently there are many exchange places whose coin prices collapsed because of bad news from paypal which deliberately closed access to buy bitcoin again, of course if it's always like this it will be easy to control the price of bitcoin, we better already trust paypal again.

That's totally market dependent.

Nobody can described the proper reason of dumping exactly.

And BTC, TRX also dumped on that time.

It is just market sentiment, look at the majority of cryptocurrencies where most of them are now retracing and dropping but for me is just normal because prices are now exhausting after increasing in consecutively days. The manipulators are now trimming wherein they are now taking profits that makes the price goes dump.

Usually, bear markets are faster than bull markets, and it's not uncommon for Bitcoin to quickly drop from $ 18k5 to $ 16k within hours. We already know that most altcoins track the volatility of Bitcoin, and for Ethereum that's not too strange. See today most of the altcoins are falling and falling, the strongest possible are the altcoins on Binance.com's Future list.
I will see this as a short term correction. I believe the market will quickly bounce back in a day or two but the gains won't be as much as we are at the end of the month.

Because of profit taking and BTC correction. Actually BTC and ETH both dropped respectively. BlackFriday is coming to you with cheaper prices in ETH and 100$ off as just two days back it was over $600. Prices won't drop forever, so buy when it such lows before staring move upper side.

One of the reasons for the 15% drop in the price of Ethereum in a single day is that the price of Ethereum has been rising for a few days now and some Ethereum holders are making a profit by selling some of the Ethereum they have at the moment. Moreover, with the price of bitcoin approaching previous highs, many feel that bitcoin will go down again from here, which has led to a sell-off in the market. Also, when a cryptocurrency rises in price, it sometimes goes up and down through market correction, so it is important to look at the overall market analysis without considering the recent downturn.

Not something to worry about I think, the price of bitcoin and most altcoins has gone up quite sharply in the last week and of course bitcoin correction is the main cause because we can see almost all coins turning red today.
I am sure it will not take long, so take advantage of this opportunity to get back in when prices start to rise again.

I would be interested to know more information about this, although I believe that the collapse in ETH prices is an obvious phenomenon that has happened with all top cryptocurrencies such as BTC, LTC, XRP. How does this relate specifically to ETH? I don't think so. The market must show movement in order to grow. If you have noticed that the latter, many crypto assets were growing and there was no significant fall. We are now seeing the first act of growth and sharp decline. All this is to be expected and I am sure it will be repeated more than once.

do you not see BTC, btc is experiencing a correction then other altcoins will also experience a very deep decline.  not only ETH, all altcoins are down very deep ... and my advice is to buy now while it's cheap, don't just be a spectator. Take advantage of the current correction.

Precisely now is your chance to double the existing ethereum to decline. But not only ethereum, ripple and other altcoins are also experiencing a decline. So if you have more funds I suggest buying some of them.

Bitcoin pumps and altcoins starting with Ethereum follows and Bitcoin dumps altcoins starting with Ethereum again follows suit, this has being the trend for a long time. Also, not only Ethereum is feeling the heat of the dump the whole market is also dumping hence it looks like price correction is taking place after days of massive pump which attracted a lot of attention, in the same way, market emotions and sentiment can also have a role in the situation.
In the same way, since the market is unpredictable, it is why it's important to always take profit as at when due, additionally, no one can actually tell when this dump will stop or if there will be another pump, hence those in profit will likely be taking their profits now, which of course will lead to more dump; this to the best of my understanding is how the market works. In addition, irrespective of the dump in the market, most people will still see it an opportunity to get into their choiced coins.

The fall in the price of bitcoin and ethereum is too strong for the situation to be corrected in just a few hours.  Bitcoin fell by almost three thousand dollars in a day, and ethereum by one hundred dollars.  It took them a much longer journey to rise to such price values.  In addition, there is no guarantee that the fall in prices will stop there.  It will probably take considerably longer.  It seems that this year Bitcoin will no longer be able to climb to $ 20,000, as it did in December 2017.

The ones that experienced a price decline were not only ethereum but all coins in the market also experienced the same thing, that's because bitcoin is being dumped and in my opinion this is just a correction where there will be a big step soon

Don't keep your eyes off Bitcoin, the first impression we can get from Bitcoin. We don't need to think about this Ethereum dumped. The coinmarketcap has already been dumped. Top altcoins have already been dumped, especially Litecoin, Ripple and XLM. BECAUSE those coin pumps were huge. There is no main reason to dump the Ethereum price.

It was nothing less than a jaw dropping cradh personally i was not ecpecting such a quick crash but when i checked with some more experienced friends they told me that correction was due and its good it didnt took long and now market will bounce and recover soon with bulls back in action.

i think you should learn about the market before you ask,
because up and down will always come in the market, no matter what, and why ethereum dropped about 15% in hour i think this is because a big whales already sell their ethereum to take their profit

Just get ready for a flash crash in the ETH chart and bloody markets will clear all weak hands ;)
Never get used to HYPE and don't trade with leverage more than you can't afford to lose.
The ETH price can touch $700 for the next few weeks but the flash crash will destroy the profit of early traders if they can't get out of the trades in the right time.

Eth is not the only one here that suffered the dump. Bitcoin itself is down right now, however, just as expected after the huge pump in the past week. Anyway, the possibility of going up again is high. Because this time, the adoption is real. Companies are really integrating crypto in their system and some financial institutions are continuously buying btc for their stash. So don't panic, this is not the end of crypto market. We will see more of this in the coming years, up and down movement.

thats right my friend, maybe now the market give us a chance to buy more ethereum in lower price
because this is only a corrections, just like the other markets i think this corrections will not stay for long, and soon the price will be back to the track

Ethereum is falling fast and there will at least be another strong influence on the market resulting in the price crash, but what's great is that the recovery can still happen within the same day. We know the price is falling but it's just a correction and this is what I'm always worried about, stay calm because after all this is normal unless the decline hits the bottom.

It looks like he didn't know about that. Before the crash was happening with ethereum and bitcoin has started the crash. As a trader and we must always try to take the bitcoin chart as the main chart that will be affecting the altcoin chart. He must learn more about that started from here.
It's not caused by the big whales but people liquidated their ethereum into the bitcoin and shorting it.

'Why Ethereum dropped 15% ?' I never wonder why it's down 15% or anything, since i'm not a professional market analyst i can only follow from people who are good at it, and The problem we need to discuss is why it is decreasing, not by how much.

I have also seen and heard from many people warning that there will be another discount, in my experience in this market this will be a real opportunity because if you still have enough money to invest then i recommend buying more altcoin and waiting.

Why Only asked for Ethereums fall when all of the currencies are going deep that time,Ethereum drops 15%but Ripple down more than 20% and same as Bitcoin drops big as well.
I believe that this is the normal correction in which happens when there is unexpected Bull run and yeah it happens again recently .
Recovery still On progress as the prices is starting to stabilize And lets Hope that in the next Hours Value of top coins will start climbing up and start the Bull.

whales short selling when ethereum price hit good price for them. its already rise alot , and close then rebuy will accumulate their ethereum amount. and need to remember this flash sale caused taking profit position and not caused by fud,so we should not worry about this price movement. it will recovered very soon.

The correction will be so long. The recovery phase is happening right now,

https://cointelegraph.com/news/stack-funds-hails-bitcoin-s-healthy-correction-predicts-euphoria-ahead

So many parties were seeing this as a healthy correction. I personally think that the big pump is ahead us. I have prepared myself by buying more ethereum at this moment.
The decline is just an usual thing after the long term increase that happened with bitcoin.

Big waves come very soon.

The market recovery is going on, there will be more people scared and selling their coins, what happened to this market will give us lessons about this market during downtrends and uptrends. I think this drop will be an opportunity to accumulate more altcoins for myself, i am also considering buying more ETH, i am also very interested in BNB, chainlink, Polkadot, ADA and we just need to wait patiently waiting for a response from the market

There inflow of large amounts of Btc and ethereum which indicates whales were ready to dump on the market. So, there was panic and reaction with traders, hodlers, fuders. This made everyone to sell their holding and market plummet and sank.
I still believe with few days, we will definitely break all time high.
Ethereum network upgrade is coming by Dec 1, there should be more demand by network validates as they really need more ethereum to stake once other platforms start giving out space.

Etheir ways, buy the rumor and sell the news, that's the only way to win in this game.

Bitcoin has too much influence in the crypto market. hence in one day, Bitcoin fell to $3,000. Investors are psychological and sell BTC to cut loss and ETH also affects and falls. You keep looking on coinmarketcap when Bitcoin increases, the green Altcoins.

Investors are not selling to cut loss. Why would they sell to cut loss when the price was already approaching a new ATH? Investors are selling because they have already made a profit. That's the reason why.

And this correction right now is not just unique to Bitcoin or to Ethereum. Other coins which were also among the ones which gained much in the recent rally are also in serious dip right now. But it seems the selling hours are already done and the buying hours are already beginning.

true, the market correction has been predicted since the Bitcoin bull a few days ago...
The "Bitcoin effect" is still impacting many Altcoins including ETH, the 15% price drop you see right now is just a temporary market correction. soon we will go to the new ATH Bitcoin, possibly in late December or Q1 2021.

I believe that few people were able to resist the desire to make a good profit from the sale of bitcoin when the price reached $ 19,200 over the past three years. Especially if people have been investing in Bitcoin in the summer for 9,000 or so. That is why a small collection was quite predictable.

a decline occurs due to a falling market condition bear season is back not only on ethereum but for all coins And now the ethereum state is holding up and able to go up around 1% today Of course all we can do is hold until ethereum price rises at least back to the price before

Indeed, yesterday's correction was quite reasonable and predictable, but it has created a little panic in the market. but I'm confused, aren't they already making a big profit, unless they hold it, so they don't have time to sell. that's why the panic happened.

this is only the beginning, and I also believe the new ATH doesn't end here. there are still big hopes waiting in the next year.

Now all altcoins are like blind kittens, going for bitcoin. As always, when bitcoin falls and altcoin feeds, but as soon as bitcoin goes up again, the whole market should turn green. At least the most popular and rated altcoins will be in green color as they were before this correction. There is definitely no need to panic, because this correction has long been predicted, since it was a real opportunity to make a profit.

Don't worry too much, there is no reason like delaying Ethereum 2.0 launch date or any technology error, it is just a correction when BTC and ETH both have had huge growth over the past few days.
You know, everything needs to be rebalanced, no asset class can ever grow forever. There are many big financial funds like Grayscale and MicroStrategy holding Bitcoin right now, which is a signal that the price of Bitcoin will outperform the price it is now. ETH will also moon soon, and investor staking demand is increasing as fiat money is under heavy inflation.

Longterm supporters and holders never get panic over these crashes and especially when biggest updates of the recent years in the form of eth 2.0 are just days away this crash should be taken as a buying opportunity before eth really moons.

Ethereum is heavily correlated to bitcoin so there is nothing to analyze, ethereum fell in price so quickly because the same happened to bitcoin and people got scared, it is as simple as that.

What we really need to find out is why the price of bitcoin went down, and I really think this has to do more with external factors than anything related to bitcoin, yesterday it was reported that the results of the vaccine were not as good as first believed and that there were mistakes on the production and the research and this made some markets to lose some ground and to go down and I think bitcoin was affected by this.

a big dump in short period time happend because a huge selling actions in the markets
thats why ethereum price down hard in just 1 hour mate, i think this is a profit taking actions from traders,
but, for sure in the near time we will see the price growing back again my friend

It's only due to the bitcoin.The price of bitcoin had reduced a lot.Nearly 2000$ in a day  is not a small chance. It had influenced most of the altcoin and reflected on the Ethereum also.Ethereum price reduced over a 100$ and it made the people to hold their coin. But holding is better option most of time then sell at low price.

True , this is a good opportunity for other to enter those who want to enter at the price of $600 but afraid because it may dump and this dump happens.  I am not saying it's a good entry but its much secured compared to buying it at $600 last Nov 25.

Everyone is waiting for the launch of 2.0 and we are just day a head to be there if you believe that it may give big movement in ETH then there is no question for you to buy it now .

People do not realize that the whole market is connected to each other at some level, so when one thing falls, the other things follow as well, and that is the main reason why this has happened, I can't say how long it will take or when it will stop but I can guarantee you that ethereum will go back up in price eventually.

Maybe this will be in an hour, or maybe it will be in a month but it will definitely happen no doubt in my mind. Also do not try to find a reason for one coin to drop, if there is  a reason for any other coin went down, that could cause the whole market to go down as well. So for example if bitcoin crashed because of a correction, that would also mean ethereum would drop as well, and there is no need to have ethereum specific reason for it.

maybe for expert this corrections already predictable, but not for new people ,
because new people will think the price will always growing up without any corrections my friend

Don't panic about the current situation for ETH, I firmly believe the 15% decline is just a temporary correction, it might not take long for ETH to break through, instead this decline is an opportunity to buy at $ 600 and be ready to  take profits after ETH 2.0 was launched, right?

Even though ethereum drop it's price there is no reason to panic. That is normal seen in the crypto market. Coins are moving up and down every minute or every hour.

I don't think a strong correction will be the beginning of the bearish trend!
You can see that today Bitcoin has hit a new ATH peak and the top altcoins have all risen nonstop. The marketcap of Ethereum is increasing again and there is no sign of stopping. When Bitcoin Dominance is high there will inevitably be a correction for the top coins and then there will be potential altcoins outside of the top 10. Predictably Ethereum will again rise to $ 800 soon in the coming days. ;)

Same question why Bitcoin drops bad in an hour also Ripple.

Don't just look for a single coin when you obviously seeing the whole market is bloody.
Of course that's either correction or Decline of market.

But even if eth drops 15% yet the climb is more than that right?so better be thankful  and just buy again since 15% discount is offer.

what can we do , maybe he is only a fan of eth and not by other coins and theres already people that talks about xrp and btc but there is only less people that talks about the dump of eth thats why he made one .

15percent dump only in an hour is already huge but to other coins their maxed dump happen not by an hour but its per day or more than that . if only eth can recover fast , thats a big blessing because earning in eth has never been fast and easy .

Just hours ago, it happened again. You couldn't discount a manipulation here but maybe they are really trying to make a profit and some are just panicking to sell as well making the price drop but instantly go back up again while they also try to buy back at a desired low price.

This happens along with BTC dropping more than a thousand in an hour and back up again to $19k. If you wouldn't want to be caught in the mess, just hodl.