Why ethereum going down?

[1NV3ST0NM3]

Ethereum going down again. Last few month the ethereum prize going down and down step by step. That time the ethereum based token also down with ethereum. Why it going down? Can it possible, the ethereum back again?

First, there is bearish trend in the market right now. Almost all the cryptocurrencies are down and so is Ethereum too. Second, they have reported some issues with the code which needs to be resolved. Third, the competition is tough and people are finding other Altcoins better than Ethereum. So all these factors add to the downfall of Ethereum and I think it will definitely recover with some time.

[1715633926]

1715633926

[1715633926]

1715633926

[1715633926]

1715633926

[1715633926]

1715633926

[1715633926]

1715633926

[adaseb]

There are many reasons why.

First one it rose a lot since 2017, basically went from like $10 to $1400 and now it's $200, so it's still a 20X gain. Bitcoin went from $1000 to what it is now $6200 so only a 6X gain.

Second issue is that most ICOs raised a ETH for their funding. Some raised BTC but for most it was ETH. There are companies who were once worth $10 million and now are worth less than $2 million, they panic and sell to just keep the $2 million at least.

Third one is there development. People are upset about the ASIC use, people are upset about the delays in Casper and the Sharding issues. Almost impossible to load a full copy of the ETH Blockchain since it's like 700gb in size. You basically need an expensive SSD to run an ETH node.

[Idrisu]

No one can really accurately predicts the future of the market and ethereum has been in bearish trend since February this year.  I think the most reason why ethereum is in bearish trend is because of the scam projects build on ethereum platforms. Many investors has lose money by investing into scam projects.