Ethereum just crashed 10% in 3 hours

[Alex09012004]

This market is very volatile and predictable, so thing like that happen very often and we must be prepared for that.

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[Djladon]

There has been a bearish trend in the crytocurrency space lately and the price of most cryptocurrency has dropped by significant percentage. Ethereum happens to be one of them. Hopefully, there will be some uptrend in the near future.

[Carina.P]

This is surely the purpose of bitcoin hoarding holders to sell large amounts of coins in exchange for cash. And it has caused the panic of investors.

[picaszo]

Anyone know the reason of it?

when bitcoin gets dumped, the other altcoins will also be impacted and may be worse than bitcoin itself. we can only wait

[Cordwel]

Anyone know the reason of it?

Bitcoin dump. Every cryptocurrency in any world has dumped because of the rich guy selling their bitcoin off to the exchange, not a manner.

one of them is because bitcoin is dumped, but it's possible because many other platforms emerge as rial ethereum, so ethereum is only used as gas but not investment

[Bumidinasty]

That's right, I was also surprised to see crypto market prices drop very quickly and surely many people panic, keep calm friends - friends do not panic and keep holding this might rise up

[rizkyx56]

dump dump dump everywhere. i think the reason is bitcoin dumping. bitcoin was down more than 10% today
it makes MOST of altcoin crash too. but down worry, everything will be okay

[zeze18]

Anyone know the reason of it?

The CEO itself said ETH needs an evolution or it will go down and left by people.
Also with the bad market price, the price of altcoin is crashed too

[007_Oldy]

Ethereum can even reach $ 500 a couple of days for a coin, it all depends on the desire of large whales. And the 10% drop is not a reason to get lost.

[iancortis]

nothing is special for that mate, all alts are experiencing in the different markets all over the networks, just relax. actually noticing that percentage of dump  that will be lead to a panic selling.

[Kaydking]

Ethereum crashing(falling)  is something usual to everyone, and we're all hoping for it rise....

[hanadaya]

In my opinion there is no specific reason for this. up and down the usual cryptocurrancy prices on the market which are even included in Ethereum as well. just how the strategy used to save can get profit from it even when the value goes down. We know that one day the market will explode again and those who are not afraid to buy now, will soon feel satisfaction.

[BlockchainGod]

In fact, there is still no explanation for this situation. About this many of the media but nobody knows why.

[reactorjuno]

Anyone know the reason of it?

We know all digital currencies depends on BTC & ETH, whales are playing with alt coins & trying to manipulate.
If we look at the previous graph of BTC or ETH then we can find huge dumps like todays & the major reasons is big investors take out around 10 billion.

I am not sure the whales care that much about Ethereum compared to Bitcoin, they manipulate the latter instead.

The issue about Ethereum is that it do not live up to the hype in my opinion, and don't forget one thing: very very huge supply compared to Bitcoin. This + no market capitalization. These two points alone make it very hard for Ethereum to grow past a certain point.

[reactorjuno]

In fact, there is still no explanation for this situation. About this many of the media but nobody knows why.

Actually it can be explained, traders know. Just look at the graphs. Someone posted this on a topic in the Speculation subforum:




I've been saying this for months now on this forum, but for me Bitcoin price mainly depends on traders now, it's been like this since March/April, I think it was less the case in the second half of 2017 because we witnessed several forks, so the context was very different.
But graphs basically tell the big traders when to buy and when to sell, of course they manipulate heavily the behaviors of the small holders.

[Xuaquing141]

I think the main reason is the sudden drop in BTC prices leading to ETH and all other altcoins. ETF is the reason why BTC prices fall, and until 30 September, after the final decision from S.E.C, the BTC price may increase if approved.

[crossabdd]

until now I haven't seen the bad news about Eth, I think this is a manipulation of market makers and whales. because Ethereum has a long stable price in the past. so I think, they are saturated and make new prices. and that is a low price. a great opportunity for us to buy ethereum again. and hold for the long term.

[Cryptomania098]

Ethereum is just so disappointing, while bitcoin keeps mooning at least still in $7000+, instead, ETH keeps dropping so badly now at $224 from $289 it was.

[caisa88]

I've read somewhere that someone sold 200.000 ETH on Bitfinex, and probably many people have panic sold seeing the price going down. I'm guessing that the price is just being manipulated.

[hardhouseinc]

I think this is just a normal wave and it happens from time to time. Soon it will rise again and maybe after that it will fall again and so on