Why does my eth went down?

[Earl Edward]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

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[Azima85]

No, your eth holding doesnt go down with market. This has nothing to do with it. Probably, you made a transaction for eth or an erc token..and some eth was deducted as gas fees. Otherwise, there should be no reason why you Eth would go down.

[arpon11]

This is strange as I am hearing this type of happening for the first time and I suspect that your account or wallet maybe hack. A lot of things are happening and you should watch how you save your private keys in other not to have this type of stories that touched the heart.

[nl247]

Maybe you should start moving your funds to a new MEW account as the only way something like that would happen is if your account has already been compromised. On a normal day, you cannot experience any reduction in your ETH quantity.

Are you sure you did not make any ERC20 transaction and you got scooped for fees? Just trying to wrap my head around what could be wrong asides your account being hacked?

Have you checked previous transactions? You can do that on https://etherscan.io without having to log in to your MEW account. Probably from there you may know how the reduction came about.

[butka]

It definitely looks strange. Because, either you did some transactions on your own, or your account has been hacked. But then again, why would a hacker take just a fraction of your ETH? Usually they would empty the account to zero.

I suggest you to go to:

https://etherscan.io/

In the upper right corner you will find an empty field. Here you can enter your public key (ETH address, starting with 0x...) and click on GO. Then you can check the list of transactions related to your ETH address. This will give you more info about what could have happened.

[aoihs00]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

Something is wrong here.

I am pretty sure your account has been compromised and someone does have the private keys for your wallet one way other. Because you stated that you was not able to login for many weeks into it and suddenly you logged in yesterday and saw the funds were down.

Just take the snapshot of transaction made through your wallet and see if there is any outgoing ETH transaction! If there is any transaction then surely someone hacked it.

Better to transfer the funds to new wallet and make sure for new wallet you have more precaution and store the private key somewhere really safe.

[berrygood]

It may go down because of fee if you have sent a token to other wallet, otherwise it does not decrease itself.

[flash101k]

There are many reasons to answer your question. But the main reason for ETH go down is the whales. They continue to create a downward trend for the market, believing that the market is going down, many investors will accept losses and sell their ETH, they will take advantage of this to buy ETH at cheap rates.

[Jaycee99]

No, your eth holding doesnt go down with market. This has nothing to do with it. Probably, you made a transaction for eth or an erc token..and some eth was deducted as gas fees. Otherwise, there should be no reason why you Eth would go down.

Here is what I think and questions that I would like to ask....

First I see that you are in trouble and other saying that you had been hacked or what

I would say it was because of the Ethereum download of the cryptocurrency market but reading your post carefully and basing on thers post this is bad I can not help you but I can help you to prevent it again.

Now here is the question

1. Have you been using any kind of divices from the computer shop or other diveces that you use that does not  beling to you?

2. Have you been doing something like downloading stuff from your own device the same time use you account to log in your device?

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If you are doing things lwhat I said above  you should be careful and further for most links when you looking at the link and entering anything be sure that there is no exe at the end.
Also of you may go to youtube or Google you can search how to detect fake phishing links.

[Cacao2017]

ethereum recently has a bearish sign. At present of course rising transaction fees will make investors feel disappointed, but the market will soon rise again and help generate profit offset for what has been lost in the past.

[cryptoalfs76]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

If you look up the market now, etherium price is going down,and even the other coins is dumps its price value,therefore  we conclude thats due to the bloodish market ethereum itself will be affected,therefore if the etherium equivalent value  is going down the etherium also its value vecone affected and this fluctuation are we called volatility in the market,so we must accept the facts everythings about in crypto sometimes are risky.

[charlotte04]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

Maybe you mean that the value of your Ethereum went down and not the content itself. It's because the price of Eth went down rapidly that is why your eth went down also.

[torry28]

Maybe you mean that the value of your Ethereum went down and not the content itself. It's because the price of Eth went down rapidly that is why your eth went down also.

No you must read again what OP wrote. He said his ETH went down when he can't login after some time. It's clearly his MEW was compromised. He didn't sent any token since he can't open his wallet for some reasons.

[dimonstration]

Maybe you mean that the value of your Ethereum went down and not the content itself. It's because the price of Eth went down rapidly that is why your eth went down also.

No you must read again what OP wrote. He said his ETH went down when he can't login after some time. It's clearly his MEW was compromised. He didn't sent any token since he can't open his wallet for some reasons.

They suspected that the OP's account are attack by hacker in this situation you must do another MyEtherWallet account and transfer the funds. For the safety you must keep your private keys and avoid to click an any phishing link.

[rumexx]

Ether is a digital currency and is already trading in the market. The value of  your Ether in the wallet is directly proportional to the value of the market. If the market price was high your ether would have been high also but the market is volatile and keep moving according to the sentiments of the market.

[The Sceptical Chymist]

But the main reason for ETH go down is the whales.

The value of  your Ether in the wallet is directly proportional to the value of the market. If the market price was high your ether would have been high also but the market is volatile and keep moving according to the sentiments of the market.

That's not what he's asking, you illiterate and irrelevant shitposters.  He understands that the price can decrease, but apparently the number of ETH he has in his wallet decreased.

I know next to nothing about the mechanics of ETH-based tokens, but the explanation that it takes "gas" to send them makes sense to me, and hopefully that's why the coins are missing.  I would think that if the wallet was compromised, the hackers would have taken everything he had.  Somebody correct me if I'm wrong.

[anobtc]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

I think because of two main reasons:
- The Miner: we don't know how about the max supply of ETH, and it still mineable. Miners need cash out their ETH for maintaining their mining rig.
- ICOs: yes, almost ETH belong to them. A project needs the fiat money for their development after ICO, then they will dump their collected ETH.

[Oilacris]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

If the amount of token itself (ETH) had been decreased then theres a possibility that someone do have access on your wallet or you do make transactions which you do make transfers but as you said you haven't done anything on 2weeks time for several reasons which means theres only 1 possibility that your wallet might be compromised. If you do talk about usd value then its just normal because ETH do reacts on how this market moves.Its much better to post screenshots for us to look at on whats happening.

[rayk]

I think it is simply impossible, your wallet may have been hacked, or you don't remember the fee you paid, that might be high fee.

[Earl Edward]

I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself.  does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.

Something is wrong here.

I am pretty sure your account has been compromised and someone does have the private keys for your wallet one way other. Because you stated that you was not able to login for many weeks into it and suddenly you logged in yesterday and saw the funds were down.

Just take the snapshot of transaction made through your wallet and see if there is any outgoing ETH transaction! If there is any transaction then surely someone hacked it.

Better to transfer the funds to new wallet and make sure for new wallet you have more precaution and store the private key somewhere really safe.

thank you for the help. every reply has the same suggestion. actually, that's what I'm planning to do now. to create another MEW and transfer everything. and also make sure to be careful of my private code from now. cheers everyone!