Why is Eth value dropped now?

[maiden]

Is it because Ethereum's limited capacity?

Eth is down because bitcoin is down too, always remember that the value of potential altcoins always depends on the main currency which is the bitcoin. It will recover or increase the value when the market totally recover

[Thaoni20]

No problem at all . This is just a small rebate to generate market volume and capture the situation.

[Sarisang]

don't just look at the ethereum, however, all crypto down all. of course this is because crypto is on his condition was not too good and in fact, could also be due to the influence of the bitcoin price also dropped. even from the beginning of last year until now always decline and it was certainly not expected by all investors.

[digitalman001]

This is a decline in the overall market, all coins are falling, not one or two. All this is not an etheric problem, it is a problem of insufficient market confidence. Only when the market once again has a large amount of money to enter can there be a new beginning.

[Cemploon]

Of course many reasons why price ethereum could very fall like this now. I think it has to do also with the price of the bitcoin also getting down. However, calm, conditions like these are reasonable in crypto. No need to worry, because conditions will soon improve. The price will be back high again.

[raddish]

Is it because Ethereum's limited capacity?

If you take a wider look ethereum is part of crypto and recently many exchanges face being hacked and many coins are lost, which might be because of this many crypto users are scared and they go out of the market. Thismovecaused many coins value to drop and since ethereum is part of crypto family price drop is inevitable.

[bigdude]

in my opinion because everything was bubble in past and now whole market going down so ETH in same board. Also many ICOs, games running on Ethereum blockchain but it network congestion so crazy then people losing their trust.
We have to wait new money put into this market all coin pump then we can see ETH pump too

[mOOnsterCAT]

It's very simple, because Uncle Bitcoin has fallen in value. I believe that someday, many altcoys including Ethereum, will be an independent coin that will not repeat the movements for Bitcoin.

[arimamib]

a lot of coins whose price is down include ethereum so I do not think it's too focused to see a coin price because nowadays a lot of coins are priced down. current market conditions are very difficult to predict if not carefully you can lose when investing at this time

[arthur305]

I feel the downtime is just a general situation of the crypto currency market though. It's not really a specific coin going down but basically all.

[kenborbs]

Is it because Ethereum's limited capacity?

I see big pump on the way.
But, its true that ETH is really struggling with network scaling issues right now.

Since two weeks or so ETH transactions are increased so much and the network congestion continues to suspend these transaction and making them pending for over 24 hours and more time!

This is nightmare for the ETH, and if there is nothing they can do about its scalability issue then ETH gonna get suffer a lot in the future.

Actually the whole market is struggling right now, and based on what I have heard and read, people are starting to stay away from cryptocurrency maybe because they have lose huge money from investment in cryptocurrency market. We can't blame other people its their choice. In my opinion, people who invested in crypto are earning through its fluctuation, wherein the market will sudden pump way up and randomly goes down. We have to give the market a time to recover and have patience to wait for the right time to sell you coins.

[sounddrum]

Am also surprised about the decline in the value of etheruem
It made me confused maybe to dump the etheruem that I have or to
hold it a little bit more, because the more I hold the more it fall.
I am totally confused don't even know what to do

[larks500]

I think that it is not related to the capacity. The whole cryptomarket is falling and the Ethereum is falling with the market. So ETH price in the line with market trend.

[pshannon21658]

I saw many projects unable to withdraw their altcoins now due to ETH network congestion, the problem is severe now and I agree with you that they need to provide with solution asap, otherwise they will suffer a lot.

[itrade777]

Ethereum now is very dependent to Bitcoin that is why when bitcoin goes for a down trend ethereum follows. Not only ethereum but also alternative coins have affected by the movement of bitcoin. Some says it will recover so don't worry too much.

[blackandred]

there is a lot of ICO on the platform of the ether . they completed the preparation of the expected funds . they will sell ether . for example , EOS sold a lot of ether in June this year . this caused the price of eth to drop to $400

[echodike]

Market is in a bear condition at the moment, Ethereum is not the only coin dropping, other coins are also going down as well, even bitcoin is dropping as well, so it is a general problem.

[Fitrilalala]

Is it because Ethereum's limited capacity?

I see big pump on the way.
But, its true that ETH is really struggling with network scaling issues right now.

Since two weeks or so ETH transactions are increased so much and the network congestion continues to suspend these transaction and making them pending for over 24 hours and more time!

This is nightmare for the ETH, and if there is nothing they can do about its scalability issue then ETH gonna get suffer a lot in the future.

yes more people are using ethereum network and the transaction become expensive at that time. I do think they should manage this problem cause the demand of blockchain will increase and it means the number of transaction that using network will increasing too so ethereum should be ready and i do agree ethereum not droping at all its just cause the market correction and all the coins are down so its okay and nothing wrong at all.

[tebzzz]

I think this is just a market trend. we see all crypto also suffered the same fate, down with sluggish market conditions. of course the eth to enter into the current market conditions. but no need to worry, it will get better soon.

[the_dump11]

The price of Ethereum has been falling for quite a long time, why is it surprising to you just now? The whole market is falling, Ethereum is no exception.