Bitcoin Forum

From USD2000 dropped down to USD1400 for only 2 days?

Anyone knows what is happened?   :'(

It is naive to expect that at a time when bitcoin has lost 30% in its price, the price of ethereum and the rest of the cryptocurrency will remain the same. It will take some time for the price of bitcoin to gain a foothold above 45 thousand dollars. In this case, we can see further growth of the entire cryptocurrency.

Not only Ethereum majority of the coins dropped hard till I am replying to this post. The market correction was not happened for long and one should always prepare for the correction and should not be tensed by the correction. It will rise back till then we should wait. Even we know the market rises aggressively in the last several months and this correction is expected so do not worry. Wait for some time you will see again green market.

We all know that Bitcoin has the highest dominance in the entire crypto market and as such, controls almost the entire coins and tokens that exist in the crypto space except the stable coins and those backed  by gold or silver or diamond, so this is to say that any stand alone cryptocurrency is likely to go up when bitcoin is up and go down when bitcoin is down , so Eth dropping 20 percent of its value when bitcoin has already loss like or over 30 percent should be understandable to anyone whos already familiar with the way the crypto market works.

I agree with Fivestar4everMVP it has something to do with the Bitcoin dump. I'm fairly certain that there are some institutions that insinuated that selloff and of which is not bad. I think this is a fair and healthy correction since it has risen quite fast in the last couple of weeks and it can be a correction up to $45k to $46k range IMO.

I see the huge decline since yesterday and the sad thing is that there is no recovery yet to happen up to this, the price tends to drop continouosly. We never heard any news but this is the effect of the GAS fee that we all had to suffer. Only a few now are buying Ethereum as the majority are choosing other potential coins that could save them huge fees and also profitable. We can't just ignore this as we are also spending the funds wisely and we need to find another way.

actually not only Ethereum, but the main coin in the crypto industry such as Bitcoin have also experienced a major correction in the last 24 hours and this decline has also had an impact on several other cryptoqurrencies. I don't know the reason for this decline, but it's usually influenced by negative news and other negative things. but I hope it will not last long and the market will be back to being conducive soon.

Should not be a big deal "for now" so treat it just another day in the office. The dropped is expected after all even during the peak. As you have noticed, it's not just ETH but other coins dropped their price too, even BTC.

For your reference, you can check the news about why BTC dropped. From there, you can conclude why this is happening.

Also, don't focus on the drop but how much it increased since the surge started.

actually it's not just ethereum that is experiencing dump but all the altcoins in the market also and the most powerful reason the current price drop is because bitcoin is also experiencing dump

After long observation from my old grandpa about cryptocurrency, he is finally make a conclusion : There is no technical analysis needed on crypto market. It's all only fundamentals. And of course that's applies to ethereum as well. Even we keep talking about moon everyday and or the support buy still strong there, the market always determine it's self price. No one really knows what really happen. It's just crash.

I still on my prediction, if ethereum still with these unreasonable gas price, people will move their money to something with acceptable fee. And of course, it is drive the price to the bottom.

That is the nature of crypto currencies for sure and it is not possible to say what is the actual reason for this. Maybe this is the correction required to begin the new all time high or even it could be the end of bull run, nothing can be said fow now. Prices are still falling!

Thats how the crypto market works not all the time is green, maybe its the correction time, but until when this price drop continues thats another question that only time can answer, but for now lets stay positive and hoping that the green candles will return as soon as possible.

I haven't seen any news yet that would explain the sharp drop in price today. But well we are in the crypto space 10 -20% up or down in 1 day are not that special and can probably be compared to 1-2% in the traditional stock market.
We had a pretty long continued upward trend so it's not that surprising or concerning that a small correction happens now. At least the drop seems to be stopped now and ETH seems to stay above 1500 for now.

It's not ETH only. All major cryptos have dropped!

It's not cryptos only. All major stock markets around the world have dropped!

So I assume it's a correction that we were expecting from a long time. Any increase without correction is fatal. So it's was anticipated already! I don't think anything special or out-of-the-box has happened!

It's caused by there's a bitcoin whale that created a quick sell-off in the market and that was luring people to dump their bitcoin. that makes the price of ethereum goes down again.

https://cointelegraph.com/news/whale-who-sold-bitcoin-before-2020-crash-cashed-out-156m-before-this-week-s-20-dip

You should read the full report on that link and I guess that whale was giving a very big impact on a lot of markets. The panic sell of has been making the dump even worst caused by people wanna to sell their coins.

You should know the phrase "One coin to rule them all". Clearly, bitcoin is dragging all the crypto all the way down to $44k recently and is now recovering.
Ethereum is still undervalue and fixing the gas issue will make its price skyrocket.

I think it is not only ETH that has decreased, almost all coins have fallen, my BTC has dropped especially below it, rumors have that one of the ministers of the American finance minister gave a warning 'The dangers posed by bitcoin to investors and the public "
maybe this is what causes all to blush

just my opinion

sorry i can't give a link because i read this news in my language

The market is in a correction, my friend. you just need to secure your money or stay in your investment. if you invested ETH during yesterday's bulls I hope you don't panic quickly. now think clearly and make your decision.
after all, that's not the case with ETH alone. you can see it happening to almost all crypto assets on the market.

It's quite simple
bitcoin dump and the whole of crypto will be following it. You can't expect the forever bullrun. There will always be the party that wants to take the opportunity by sold their coins at peak price to buy again when the price was dipping. All of the cryptos are going down right now and it's not the only ethereum that got dumped.
Something bad is happening with bitcoin and that creates massive sell in the market. Someone was dumping a lot of bitcoin maybe.

Yes. as we know that coin prices are very volatile or can change at any time. like the current market conditions for crypto in the last 7 days bitcoin and ethereum experienced the highest increase of all time and vice versa I also observed that in the last 24 hours the crypto market experienced a very large decline. And you need to be careful especially for those who buy at high prices, I mean to always monitor your portfolio and know when to enter and when to exit.

I only know that this time is the correction for ethereum after the rally happens at the market. We do not know what the real reason for that is, but when the price is a dump, many people still panic, and they are not ready to see the price is down. But that is happening now and the price now is down. The other reason that I guess make the price is down because ethereum price follows bitcoin price, and bitcoin price now is down a lot. So maybe you can analyze more to find the reason.

fees is also my lead but if this was the only reason then eth should be the only coin that will drop and not btc and the rest of the gang  . dont tell me that they also have a problem with the fee but nope they dont have .

maybe btc do knows something about the drop of the altcoins like what most of the users of this thread are suspecting . theres no major recovery in btc yet so lets chill for a while and in the meantime lets stay tuned for the news to know if theres other reason for this dip

Guys, I read your comments and I want to ask. Can anyone explain what kind of news this happened. I understand the market cannot grow forever, etc., etc. But who provoked?

I think there is nothing to be surprised about. Nothing ever goes up in price. Newcomers should have seen this situation too, after all, someone has made money and has to return to cash. When the panic sales also came, prices fell very quickly.
There have to be fixes from time to time, otherwise it would be too dangerous to invest. Thanks to these corrections, we are seeing healthier and longer rises. Remember that we are still in the bull, things will be different after a few days :)

The dump is not up to 30% and we have seen worst at over 30% dump even in a bull market and it gets back. Ethereum has not been impressing even in this bull market so nothing surprising, sadly the gas fee is still high, so it is not only when the price is dumping that gas prices go up. Maybe more money will go to altcoins after this dump, it could give impression that fund is not coming in there for now.

If you check the market now not only ethereum that dropped so much seems almost all in the cryptos went down so bad. I guess the bullish time is over so it's time to bear I think. I'm not fudding I'm just speculating the market that could possible the bear market will come.

release of statement from minister of treasury gives on consequence as the price might be as well to drop due with inpopularity of option with chance of occupation. minister advises retail investors to stay away from crypto token as might have with risks on losing funds. that is what we read in media today.

I think bitcoin has also impact with ethereum price, but I think the most notable one is the gas price for transferring and swapping token in the ethereum network, imagine if you are going to swap worth 50 USD your fee is like 150 USD, will you go to use or swap the coin? most of the trader goes to binance chain because of cheap fee and faster transaction, also I think the binance stopping ethereum withdrawal and deposit make it worse, and it favored binance.

You make it sound as if ethereum is the only coin dropping, isn't bitcoin the first coin that other coins are looking up to? What is the price of bitcoin right now? 47,800$ so tell me, how won't Ethereum be affected? If bitcoin recovers ethereum will definitely revaluate too

Bitcoin have lower price from $57000 become $48000 and give impact for many altcoin and exactly ethereum always allowing how bitcoin price, so far when bitcoin going to the top price ethereum always have the same price and going up, so when bitcoin down just waiting with lower price to buy ethereum, still not stable until right with how much bitcoin correction, will going down under $40,000 or bitcoin will back to higher price again.

The market is now starting to turn red most of the crypto are dropping down and it has been how the market works you couldn't expect it to be always green or always increasing,
Are you expecting the investor to only invest on it and they wouldn't take their profit I think it would be normal for the market to have this kind of cycle once in awhile specially when it gets so pump.
The easiest way to explain what happened in the market is that most of the holders decided to take their profit.

For a correction, even a deep one, like now, a serious reason is not necessary. There could be several large sales of batches of bitcoins, which provoked the general drop. Now CoinMarketCap shows a drop in the price of bitcoin to $ 46,782, and ethereum to $ 1,533. Both coins have declined 11 percent over the past 24 hours. So it wasn't just ethereum that fell. Roughly the same drop across the entire cryptocurrency market. This is normal for this market. To grow further, a correction is needed.

The price of ethereum can drop as much as 20% it's not  something that is  troubling should be. Since it has been several  months  the price of ethereum
continues to peak, so it is impossible if ethereum continues to move  straight. All altcoins and  bitcoins will experience  this. For that, we as someone who
has experience in the crypto industry must have understood this. Especially if bitcoin is in decline as it is now, altcoins will also experience the same thing.

Basically it's the point here, long term holders have decided to dump and their mindset was already profit. They're thinking to do buy and sell this time in order to increase the quantity if their holdings. By the time of recovery they'll able to gain much higher returns. Whales don't care of losing, because if they won't risk they'll fail to grab the chance to earn much even bigger profit.

Lucky every one hold and save assets in USDT during bitcoin or altcoin have lower price, I think good moment correction just one day and now bitcoin or ethereum back to higher price, not worry and confused because chance coming not every time, so looking ethereum dip lower price from $2,000 to $1,600 give you chance to buy back and now you have earn much profit if buy much, but if you worry maybe you loss opportunity to get profit.

The dump of bitcoin sent the entire altcoin market into a big dip. almost on average it has decreased by 40-50%. I think this is all because of the bitcoin factor which dropped dramatically. Right now, if we check the Ethereum price has increased again and is in the consolidation stage it will continue to be a bullish or down trend.

are you sure you are asking this ? can't you see that Bitcoin is falling and that's why all of the currencies are moving along together with the dump.

It is not only Ethereum that has 20-30% drops because majority of the coins in market are having some experience.

And be ready because this might be the long awaited correction before the final blow comes and will record the Highest value Bitcoin will hold again with the effect of halving and pandemic.

Maybe you're newbie to the crypto cycle let me say it straight but when Bitcoin is falling usually almost all of the coins/tokens in the market does the same. The real reason was there are some whales already taking profits but after Bitcoin dominance keeps falling the alts will fly and probably it is showing some signs as the major altcoin (Ethereum) is taking some leads and it backs up again at $1700. This isn't some financial advice but historically this has been done before way back 2017, I wouldn't be surprised if some alts will make some new ATH.

Chill guys, it's coming back to life. Not sure what happened but I read about a flash crash on Kraken, although really that seemed to be as a RESULT of the coming down from Bitcoin.

And now people blaming Elon Musk and all.

Just a normal correction IMO.

Just very normal correction after price went up so much and now it's already going up again about 20% to almost $1700. The reason? well although most of people here might speculate a lot of things but it seems the current ETH market dumping heavily affected by bitcoin dumping like any other altcoins aswell and there's rumour going around about offloading of thousands btc but now it seems the market becoming green again and probably gonna go back to its former price in no time.

He will understand price movement once he stays long enough in crypto. This drop is very common if the btc is also going down. Most alts are just following the btc trend. This is why crypto is a very volatile investment, it can go up or down in just few hours or even before you even blink. So if you are a holder and need your funds and can't wait long, you need to keep up with the market and just cash out once it is above your buying price.

We are always influenced by an invisible force called the media.  That created disadvantages for the big correction phase in the past 2 days.  But we are still there, the strength for belief in historic journey is back with the big statement today.  Excitement has been stolen, ironically.  But trust, ETH will soon have ATH at $ 2k5.
 https://www.cryptoglobe.com/latest/2021/02/bitcoins-market-value-will-surpass-100-trillion-says-microstrategys-ceo/ (https://www.cryptoglobe.com/latest/2021/02/bitcoins-market-value-will-surpass-100-trillion-says-microstrategys-ceo/)

I feel that eth can take a long time to get back to its old price because the first reason is still bitcoin, bitcoin was surprisingly dumped, just yesterday, I even thought it would return $ 30000 but luckily, that didn't happen, the market has kicked off the next green, holding hope for those who can't liquidate soon. However, this could also be a way to push more people into buying again and a subsequent dumping, besides this problem, the whale was too excited to pump and made eth overpriced, network costs have become expensive, many users are starting to withdraw from eth, that could be the main reason for the very strong eth drop

Correction, price declined as Bitcoin dumped too. People start to accumulate more at this time, may we could see some little pump in the near time.

The bump is happening right now and it seems like people have started to see join again in the crypto market. The decline caused by the whale but square was coming with another good news as it was accumulating more and more bitcoin. A little pump already happened dude.

i think the biggest drop from eth is because the big whales take their profit mate
but now as we can see now the price come back, thats mean its only a corrections not a trend reversal

my friend, you should know if the market will not always up or down
so, you will not confuse if an altcoins even bitcoin dropped hard buddy

why ETH dropped from $ 2000 to $ 1400! I think you already know the answer sir. which is clear all that happened as a result of the price of Bitcoin has decreased. Also keep in mind that the market does not always go up or down, so let's enjoy it.

Not just that, in addition, Ethereum has reach it state of maximum capacity hence the ability to scale up has become a huge challenge for everyone here. We all see what has been happening to network especially the other day when bitcoin flash dump on Monday and the whole network was becoming too crowded that even some centralized exchange has to halt withdrawal of erc-20 tokens. Isn't it a obvious that investors will have to live for the other alternative.
Take a view look at polkadot and their ecosystem, they have the solution and most new projects are almost centered in layer two solutions but Ethereum is still behind trying to run transaction with a maximum of 15 seconds per transaction, that's too low for the current community 0f decentralized finance.

BNB surprised everyone with its recent rally because of the ETH transaction charges and people shifting their focus on the BSC platform and do you think you have the answer for the correction, investors will book the profit in ETH and will jump ship on BNB and so is the reason we saw a 20% correction in ETH. Already many alts reached their all time high this rally and hence it is not the best time to invest for any newbie in the market who have no idea what is going on.

Market moves up and down, when a price move up it will later come down to find a new floor, I don't know how sound your trading skill is but this is something you need to learn fast because everything that goes up will come down, it just depend on how the market adjust to the correction. You need to understand this that Ethereum price has lost 89% of its value before and can do it again likewise BTC so have this at the back of your mind

eth is struggling to pump as much as others coins because of the very high fees on its blockchain.... maybe investors are scared..

The moderately dump in the price of the Bitcoin and ETH within the 10-15% was really the characteristics of the whole crypto market when we're in a bullish momentum market (which is called a market correction) and the reason why it happens is to open the door for a new buy low opportunity and also strengthen the market.

not a little pump in the near time, because all solid cryptocurrency project will create another ATH after this corrections over mate, i believe that

Things are not assured. We are not certain of when will the market price increase. The dump could last for a month, or even year, as evident to what happened before. But it can also go up back again within few days, that's just how volatility works. The question I think that should be asked is, if what happened is a correction already or just a part of its nature of market volatility. The prices of not only ethereum but most of the cryptos are in green marks for a long period of time, but if the market is pulled down, and resistance exist, it will be having a hard time to recover. Going back with your argument, there's no basis supporting that whenever price correction occurred, a new ATH will be announced. The market will more likely seek recovery than jumping into new ATH.

Temporary drop.
People cash out for profits.
Whales took profits.
Nothing new on this if it drops a lot within a few days or even within less than a day. The normal thing in cryptocurrency is this.

Exactly! And this is what we call as price correction of Bitcoin so if Bitcoin price drop, normally, some altcoins will follow too because they take the profit. If OP thinks unstoppable pump would bring us too far he's wrong. It is required in order for a new players or investors to join the rally that's why it's needed a few dollars drop so they can buy the dip.

But if we look at the market it's starting to gather some momentum might be possible to break another ATH again. We never knew when it will going to happen but that's the classic style of Bitcoin to start the pump.

The pump already happened and it's still too far from the expectation as the rebound that happened with bitcoin recently can't break the resistance point to make bitcoin will be going to the moon again.
It may take more time for bitcoin to build another support to pump the price again. The institutional tried to buy more and more.
The whales are the party that has been dumping bitcoin. There must be big news to create the hype again but no exact date about when it will come.

I've always believed that it will break into a new ATH. Surpassing the ATH that we've got at $58,000. $60,000 should be the next actual ATH but we'll never know when that's going to officially happen.
Not that of momentum this time, from $48,000, dragged down to $45,000 although no complaints about the price, that's still a better price than last year.

Many people panic about the price of ETH falling quite deeply, even though this is something that is normal for sure to happen. For the first reason
the Bitcoin price is also correcting quite deeply, this is what causes the ETH price to go down too. The second reason is that after reaching the ATH price of
$ 2000, many investors have taken profits. Therefore the price must fall, in my opinion don't panic seeing the ETH price fall. because I believe that after
the Bitcoin price recovers, the ETH price will usually recover too. Now we can only be patient, waiting for the ETH price to rise again.

Not only Ethereum suffer a price decline but also other altcoins in the market. We can't control the market value since when it reaches a high peak price others would choose to take profit. If bitcoin will also bounce to increase ethereum will follow. So I’m just holding my ethereum as I believe we will see another ath.

I still think ETH can't go up all because of the gas fee, sure it could still go up a bit but the gas fee is something totally different, we are talking about insane gas fee's right now and as long as that is not fixed (which will be by July) we are not going to see super high prices. While that happens here, people put their money into other things, they are super excited about the potential of those coins and they go up, while BNB went up so much during this period ETH was going up only a slight bit. This is why I think ETH needs to keep grinding to make that fee smaller, otherwise it is not going to go up too much.

By the way the current price is still quite good, as long as it stays around at 1.5k+ price that is still good enough for it to be second ranked coin for a long long time, not like anything else comes even close to it, even with a pumped up price.

Yes, it opens another opportunity to buy low and sell high for market opportunist and short/long term investors. It also strengthens the market because it chases out the weak hand off the market once the weak hands panic sell the major holder or investors will be people that entrust their investment on the market momentum.

True and since ETH price surge is so suddenly, the market is unable to support the surge so correction is to be expected.  And since this is cryptocurrency, a 20% drop is just an ordinary occurrence of the market's daily trade.  If you look at the cryptocurrency history, drop like this is nothing, good thing is that the bullish trend is far from over.  This is just another higher low of the ETH market.

It can be a time to accumulate more BTC and altcoins knowing that there are institutions who already invested in crypto others might follow soon and jsut waiting for their desired price to drop for them to join in, correction usually happens whenever the price went too high suddenly and since crypto skyrocketed since the start of the year it is normal to expect that the price can still experience decline unless there are news that can cover up the correction happening.

It is not just ETH that had a huge surge in the past several months, the entire market was having a good time and all the investors had a wonderful time look at their fat profit and now we are seeing a minor correction in not just ETH alone but the entire market is going down. In the past the bitcoin and the altcoin market were not having similar rallies but now the market has changed as both the coins are rallying at the same time and we are seeing correction at the same time.

Get used to it when you are into this market because those kind of drops are quite common and this market is unpredictable so its just normal to see these movements.
If you are just new into this market then you would really be surely shocked but once you do get yourself used to it then you would definitely be seeing this as casual
volatility this is why you should really be careful on dealing with crypto investment.Always take caution on when to enter and on when to get out.
You wouldnt know on what would be the next movement of it.

True. A very volatile market is expected to have a 20% drop and would probably have more when it bounces back. I've not hurt anymore when it comes to these dips.
But the regret of not selling at the top is what makes me feel bad but still, no one can assure that every price is the ceiling and every drop is the dip.

There is working a psychological pressure, so regret of not selling at the top very common in this industry. We don't know how long this correction would realistically last. Here's the truth, many altcoins haven't made ATH yet. It's better waiting the pull back.

Maybe strengthen market because the trading volume is kinda high therefore it might reflect that the buy and sell order are on its peak too but honestly that have a little thing to do with the market strength. If the market cap grows bigger the market will be stronger aswell, so therefore eth dumping shouldn't be considered as strengthening the market.

It usually happens for everyone, I guess so. I wouldn't find my luck with the altcoins that haven't made their all time high, I'm sticking to bitcoin and Ethereum just for this bull run. I've got other altcoins but they don't really matter at all.
Unlike the others, they are finding their luck with those and thinking that it can break at and will surpass the other altcoins that have made their ath.

if you can answer that Bitcoin reason of dumping , from 58,000 down to 43,000$ then maybe i can answer yours?

Market is falling down so expect the value of each coins as they are most all dependent in what Bitcoin movement is.

But ETH is a coin that has no strong position , not like other coins that has been pumping too much while now ETH is not that good and always delay in running good.

Maybe in a week or 2? we can see some growth again but don't expect too much.

I am not surprised by the correction taking place in the crypto market, because fluctuations are nothing new in the crypto market. In these 2 days it's not only Ethereum that has experienced a correction, most of the coins experienced a very drastic drop in price, including Bitcoin. People who already understand the movement of cryptocurrency are already preparing themselves to face a correction, because when the correction occurs they will buy to get a profit when the market price has returned to improvement.

When ETH drop give chance for you to buy back and get profit after dump price ended because you can buy more again , I think many people panic when eth drop but exactly is the best moment for investor and trader begin with much profit. When eth drop they can invest more again and later get much profit for investing or trading.

Not only eth but also all the coins/token crashed more than 20% in last few days except only rear project. So don’t take it for only eth. The main reason of dump is btc price fall. And this normal for altcoins when btc made some high % price movement. :) so wait patiently.

It happens on most of the coins that reached their ATH. If you will check the trend of bitcoin, it happens also. Few days hitting ATH high around $58k, the market price declined until now. Some experts said that the purpose of it is to give chance to those small scale investors and also it is one of the characteristics of crypto market especially when we are in a bullish momentum market or in other term "market correction".

We don't know much about trading, one of which is the influence that big players have. if the big traders have already made trades, they can take control of the situation. whether they will raise prices or vice versa. but this is just my assumption :) :)

Always been like this when it comes to dumps or even talking with price pumps where manipulation can really be so obvious.Is there something we can do? None right.?

Instead of talking about manipulation, getting rid of it will be impossible because there would always be big players who are on the field and with having that financial
capacity then its normal that they would really have the edge anytime on what are the things they had do have in mind.

Price could shoot or dump 20% in no time and we have seen lots of similar scenario back in the past.

Just the way when drop give us chance to buy back later get much profit when price up, but if eth never any chance to drop how come we can get profit and trading become best way for earn much money, I know many people panic when price dump but why not get chance when have lower price they can re investing more in ethereum or other coin.

At least $ 2,000 was a psychological boundary for Ethereum, after which many Ethereum owners decided to fix their profits and therefore began to sell. Of course, as always in the cryptocurrency market, the current correction came to light too deep, but nevertheless, many analysts say that it is not critical. It is a pity that I did not take advantage of this moment in time and still continue to hold my Ethereum.

Agreed with you the whole market was overheated and it need a healthy pullback to keep continue growing. Even it is terrible experience for some people who entered at peak price but that is clear ETH has great future and it would be nice to stay clam and keep trust in it.

Big players are very influential in the crypto market, they can even control the situation in the market. As an example, DOGE experienced an increase in price some time ago after ELON MUSK made a twitt about DOGE. But Hype Doge lasted only a moment, because the community has been traumatized enough by the big players like ELON MUSK did.

The nature of this business is very volatile. If you are unable to manage
situation chances that you'll be panicking from how things are moving by now.

But to those who understand how to take advantage of this correction, buying is the first option after analyzing the possibilities, for now it

mostly cause by traders who managed to buy at the dip and now cashing out and enjoying the profits that they've gained from that last pumped.

At first no one knows, that the eth will suddenly increase too much since it was so slow start of the eth. Somehow many users expect on the eth in which it is one of the most popular in the world of crypto currency and I believe it will definitely increase and its a great chance by those traders to buy and hopefully it will back to it's peak value or more to gain profit especially nowadays.

The market rectification was not occurred for long and one ought to consistently plan for the revision and ought not be strained by the adjustment. A couple of now are purchasing Ethereum as the larger part are picking other potential coins that could save them tremendous charges and furthermore productive. We can't simply disregard this as we are likewise spending the assets carefully and we need to discover another way.

Eth retraced exactly on the 0.38 fib. Let's hope this level hold.
It's a normal correction, we have to remember ether was at 90 dollars a year ago...

ETH dropped over 20% from the highest peak, it's just because the sudden drop and short correction from BTC and another altcoins, that's why it's going down about 20% from the highest peak of the price, but still, don't worry too much and don't be panic.
Over the full year, ETH has risen by more than 700 percent. ETH's price already becoming stable and reach $1838 and i t will reach $2k sooner.

I believe this was due to several factors. The first factor is simply someone, perhaps the miners, put ETH up for sale and some of the big players bought this ETH. The second factor, someone wanted to buy ETH at a price lower than it was at that time, and for this the price was artificially lowered, and after that the buyer bought ETH. The third factor that can influence the fall in the price of ETH is simply a correction in the crypto market, especially since prices have dropped for other top cryptocurrencies as well.

The correction is done and the markets are heading for new ATH again.

The Bull is still strong I would guess. I don't think a market drop is in place any more until new ATH is reached for many coins.

This is exactly what happened. Corrections are perfectly normal in any financial market, including Wall Street and any other exchange.
At the moment we should be leaving the correction period and building the price up to the new ATH.
After reaching it, there will be a correction again, but it is difficult to predict when it will take place and how deep it will be.

This is why we should buy more Ethereum in every correction. We're in bullish week, the market is looking very strong. We know bulls run up the price and bears tear it down however situation indicate bull trend and we might hot new ATH soon.

It may take some time to reach new ATH, when it happens it will happen very fast but until it happens we may stay the same. What I mean by this is that we may stay at this price for another 10 days but one day in 12 hours we may see it go above 55k+ suddenly, that is how it usually happens. This is why I think it is quite obvious that we are going to beat the ATH but we do not know when that will happen. This doesn't change suggestion though, it just means we should be putting our money into bitcoin or any healthy crypto and wait, maybe it will be tomorrow maybe a week later or maybe a month later but we are going to beat ATH once again and have a good profit.

However most of the community is already in, there are very few people who are out, even that correction didn't make most of the community leave fully and most of them are still in with their money so they are just waiting for some rich folk to buy more.

Finding the bottom was always been a challenged for most of us because bottom cant be determined neither on how far it would go or how fast it would recover and this do makes trading even more
harder but somehow people could make their own analysis on at least entering the market on the right time even though the price isnt on precise entry but still ending up on making profits
when the market tends to shift on or do make out some recovery.This doesnt only limit out on ETH but in all coins in the market would having the same path when it comes to price pumps and corrections.
Dont ask out on whats the reason for such dip or crash because no one would ever know unless if there are news or sentiments around then you can presume out for it to be the reason.

Ethereum is still the best altcoins, so investing in Ethereum is very profitable. It is true that since Ethereum peaked at $ 2000, then it has corrected
around 20%. But it's still a normal thing to happen, because some Ethereum holders do take profit. Or it could be that the cause is following
the price of Bitcoin which has also fallen by around 20%.

But if you look at the current Ethereum price which has started to rise and has reached the price of $ 1800, I believe that in the next few days
Ethereum will return to a price of $ 2000 soon. So congratulations to Ethereum holders who didn't panic and didn't sell the Ethereum they owned
when the Ethereum price dropped. Especially for those who have dared to buy Ethereum when it dropped to a price of $ 1400, now your estimated
asset must go up quite high.

Dips from high peaks are part of the process in cryptocurrency trading. The higher the price is skyrocketing, the greater the correction. The 20% correction is not a big correction in the case of cryptocurrencies. But don't worry, the good thing is that after every correction is coming new ATH, so just wait few days and you will be happy.  ;)  :D

That is one of the characteristics of crypto market, when the token/coin reached it ATH then after few days it will dump for a certain amount of percentage and it is called as "market correction" but after few days it will pump again but it depends on the coin/token itself.

be aware that the altcoin season is different now from what happened in 2017. Currently, the dominance of bitcoin is strong but it is offset by the strong market adoption of altcoins. Moreover, there is support from many successful ICO projects. and now you can see a different market situation.
this season only for altcoins that have the ability to follow the dominance of bitcoin. those who are on bad news and without development will have little effect from the bitcoin pump.
while for the decline in ETH, it is very natural to happen when bitcoin is experiencing a correction. but when the update is running, I believe ETH can be an asset that has a stronger market than it is today.

It is not surprising to see Ethereum prices going down because the movement in the market is quite slow where almost all top coins are able to pump
but for ethereum only to survive and fall maybe interest in ethereum is already low it could be because the ethereum network costs very high fees for transactions

A 20% drop was a normal correction after the very rapid price increase Ethereum had for several months before. At the moment, the correction is over, and the price will return to the previous level and will climb for the new ATH. High transaction fees only slow down the growth of the ETH price, as the potential is much greater. We will find out how high the ETH price will go after ETH 2.0 is launched.

yes, the high cost issue that could put many investors on hold, while seeing if there will be a fix from Ethereum for the costs. where this has become a topic of conversation and many are looking for alternatives to avoid using the ethereum platform.

but there is already information that there will be changes starting in July, but whether this can calm the majority of those who are still using the ethereum platform for all their transactions. but whether there are other problems that cause it, it can be seen how many days in the future.