On this week Ethereum down almost 30%

[Singwala]

What is the main reason behind. why Ethereum is down day by day what is the main reason

[mobnepal]

What is the main reason behind. why Ethereum is down day by day what is the main reason

Reason behind every pump and dump is simply panic sell from newbie traders started with small price correction after some elite traders pull out their profit. 

[btc_angela]

Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. So now investors lost trust and now cashing their ETH because they don't want to lose their investment and don't want to be trap as well.

[Vaskiy]

Not only ethereum, if you make a market analysis for the entire altcoins you'll see most of the coins were almost down. This is just the normal happening and nothing specific. Maybe the panic is a reason and price growth with ethereum is simply big and now this will go even lower based on the experts prediction.

[wilson_bitbybit]

Ethereum is a good way to speculate, but in the end it's all about fundamentals.
We are in a bear market, and people who like to play safe tend to choose the assets with the most solid fundamentals, which at the moment is Bitcoin.

[cissrawk]

Well, another altcoin is going down too. I heard is from panic sell. But lets hope the prices will recovered again asap

[Xpod78]

Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. So now investors lost trust and now cashing their ETH because they don't want to lose their investment and don't want to be trap as well.

Had no idea this happened, sounds like a pretty good match to start a crashing fire.

[MadGamer]

This didn't affect ethereum only but most of the altcoins, bitcoin decreased a little bit as well but It totally make sense, the dominance of bitcoin increased however. The funny thing now is to look at all Ethereum supporters who was predecting a market flippening where all bitcoin users would switch to Ether instead, I believe the network issues that ether has killed their plans and predictions.

[amaral1977]

The only reason is the fact the msot of the value of ALL the coins is based on speculation and not real use. So after a good up, people want to take there profit and after that goes some panic selling for those who think it is the end of all crypto.

[Silberman]

What is the main reason behind. why Ethereum is down day by day what is the main reason

It is not really surprising for this to have happened, of all the cryptos the one that seemed to be in the biggest bubble was Ethereum so it is not surprise that is the coin losing the biggest amount of money at the moment, currently the price is at 250 but I will not be surprised if it went below 200 and maybe even lower than that, after that it will be a good opportunity to buy Ethereum once again.

[pearlmen]

What is the main reason behind. why Ethereum is down day by day what is the main reason

Some thing just happen anybody in the bitcoin or even the crypto world generally will understands that finding a reason for every events is purely a waste of time because it won't matter as the market have the ability to either go high or low at any time it so pleases without anybody knowing the real reason but the spiral effect we see is the panic sellers who have not been wise enough to hold on for a while before disposing the little they have.

[ActiveP]

Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses. So now investors lost trust and now cashing their ETH because they don't want to lose their investment and don't want to be trap as well.

They are saying they will reimburse the dollar value of the ETH customers had before the drop. Any idea what the price was before the crash?
Some have suggested anything from $320 down to $230

[Kemarit]

After the popular cryptocurrency trading platform Coinbase went down during a time of high traffic, with its app and its website failing to load for many people, the price of Ethereum has tanked again. The ETH/USD exchange rate went as low as $250 per Ethereum token, before rebounding to $270 after the problems were fixed.

https://www.financemagnates.com/cryptocurrency/trading/ethereum-price-falls-250-another-coinbase-outage/

There is another crash on Coinbase based on this article besides the one they experienced about a week ago. I think this may have contributed a lot of the price of Ethereum going down fast.

[sweetbet]

I almost bought a whole lot of ETH when it fell to $268. Luckily I didn't, and am currently waiting to see how low it goes before I buy in.

[sujonali1819]

Just panic sell by newbie.and also few days ago eth pump to high so simple dump its normal.I think it will rise again very soon.you look at all alt coin now all are dumping now.

[phuclzu12]

What is the main reason behind. why Ethereum is down day by day what is the main reason

Why not ask the reason ETH rasing up more than last month ? Remember not altcoin or things always growth, need down to rested and comeback in future

[M H Sakil]

Now you can buy ETH. there is many reason behind dump. Now time to buy ETH 

[oegarod]

Now you can buy ETH. there is many reason behind dump. Now time to buy ETH 

Not only ethereum, who have been waiting to buy low could make use of the opportunity and invest on the different altcoins as well the bitcoin. Else hold on for days we might possibly reach $2000 in a short or two because the increasing trend is not observed.

[Vishnu.Reang]

The resilience being shown by Ethereum is surprising. Yesterday, when it dipped to almost BTC0.09 (from BTC0.14 just 24 hours back), I though that a major correction is going to happen. But now it is rising again, and was trading at BTC0.11 when I last checked the exchange rates.

[gedor]

It is not strange. Ethereum has risen %4000 in the last 3 month and you say it downed %30 which one is strange you think ?