why ETH is getting down?

[Vatimins]

anyone know why ETH getting down?
is there any bad news on it?

     Well, I currently have two issues in mind that I think are the reasons as to why the price of ethereum has been decreasing and remaining low(although I am not so sure about the second one). First reason I can think of is the drastic fall on the price of bitcoins which obviously affects the prices of all the altcoins out there and ethereum obviously is not exempted from this fall. Second reason is the split happening to mew which has been mew and gave birth to my crypto which are having a competition on who will be the best online crypto wallet out there.

[jimmymagz_071988]

anyone know why ETH getting down?
is there any bad news on it?

The BTC also crashed,so it's normal for other alts to follow suit, as they in one way or the other all either rise or fall with the bitcoin. I think both coins ethereum and bitcoin would both bounce back,but it'll definitely take some time,we need to recover first before a bull run or stability.

[Juniness]

The market is clearly visible as bears dominate the market, and all coins fall as well as Ethereum , but definitely in the future Ethereum will rise to its top, as the product is very much in demand in the market!

[Terrmit]

anyone know why ETH getting down?
is there any bad news on it?

Let's look from the point of view of investment. When the market began to fall, most projects transferred piles of assets from this coin. What added strength to this fall. Now that the market is green, we see investments coming back.

[jackflag]

We all know that the entire market depends on the current price of Bitcoin, and Ethereum suffers most from this dependence. As soon as the price of bitcoin begins to fall, it starts a chain reaction, investors think that the downtrend has begun, which means the prices for altcoins will soon fall, they begin to sell Ethereum, which leads to a fall in prices.