Ethereum price dump

[siruiiuris]

Can anyone explain why Ethereum is kissing the floor?

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[Alluro]

The main reason is the market condition. But ethereum has down one step in the coinmarketcap. I personally believe ICOs are another reason to fall ethereum price. Because all ICO owners are mostly accepting ethereum and they will cash out their ethereum. We can understand that looking at this year chart.

[Zero1One0]

Can anyone explain why Ethereum is kissing the floor?

Just a brutal bear market. Plus those who did ICO's are also selling eth they got as their holdings relative to USD is shrinking.
If eth goes lower, do does their funding from ICO.
It's just a cycle.

[Alliipp]

is it true that etherium is now dumping? if it's right to do a dump, surely the price of etherium will not decline like this. I am waiting for when Etherium will come back victorious again

[Peterdav]

Not Ethereum only, but all of altcoin experiencing the same thing. I do not know what the reason market falls too deep and i think Q2 - Q4 in 2018 is a bad times for crypto.

[dupee419]

Not Ethereum only but all of altcoin experiencing the same thing. I do not know what the reason market falls too deep and i think Q2 - Q4 in 2018 is a bad times for crypto.

ETH is not the only crypto that is experiencing the same movement as what you are seeing in the market, BTC is also a crypto wherein it is also experiencing this kind of price flow, XRP and Stellar as well, so I don't think you should be only recognizing Ethereum as the only crypto that is kissing the floor right now, this month has been one of the worst in the market.

[sky9314]

Because most ICOs use ERC20 coins, when they take these ERC20 coins, they are usually converted to Ethereum, and then when they take Ethereum, it will lead to dumping.
Don't think that Ethereum's current price is at the bottom. In fact, there may be more dumping happening. Last year's ICO was too much, and now they have not completely eliminated their bubbles.

[nlaara12]

The question is,is it only ETH that is down?Why are we making it look like ETH is dead.Every other coin are down as well,so it is not about ETH but crypto market in general.

[UAE Seasider]

If you are following the wider market you will see that the price of Ethereum is still heavily affected by the price of Bitcoin, and it is still the movements in Bitcoin that are creating the mirrored movements with Ethereum and the remainder of the altcoins.

When we see an upturn in Bitcoin prices Ethereum will follow suit.

[kutangterbang]

I also do not know, their guess that predicts still does not make sense to me, Ethereum is indeed very Vital. as in the body, Ethereum is a Kidney or Heart. if it continues to weaken. will endanger other altcoin conditions

[knuckey]

There are many different explanations and opinions about the causes of the fall of ethereum, but we must move and focus on other things. Because now ethereum is very interesting and affordable for investors to fold and hold more eth.

[Soberb]

I think that none can explain why ethereum is dumping? Only one can predict. The main reason I think behind the meltdown of the good coin is the declining of the whole market. As the market is dipping with all coins going down in prices, the coin also follows suit. Other reasons maybe bad news surrounding cryptocurrency.

[NeuroticFish]

The whole altcoin market is kissing the floor. And Bitcoin is not going greater also.
Ethereum rose one year ago against Bitcoin a lot.
Bitcoin is lower than one year (and some months) ago; Ethereum is also lower than one year and some months ago.

I'm not great at words, so I'll show the one year graph ETH / BTC.

[batang_bitcoin]

It's simple, we're at the bear mode.

Don't be surprised if ETH has been kissing the floor. How many times it went low? from hundreds to two digits and you're still asking this? The whole market seems not so good today so don't think that its ethereum is the only exception of the current situation.

[iconoclast]

Can anyone explain why Ethereum is kissing the floor?

Just a brutal bear market. Plus those who did ICO's are also selling eth they got as their holdings relative to USD is shrinking.
If eth goes lower, do does their funding from ICO.
It's just a cycle.

Time has shown how incredibly uneducated most of the CFO's of the companies doing ICO's really are. If you were the CFO of a traditional firm you would be cognizant of the Foreign Exchange risk if your Balance sheet was mostly in Euro's and your expenses were in Dollars. That they sat with most of their balance sheet in ETH when they would need Fiat to fund their operation is incredibly negligent given the historic volatility of cryptocurrency.

[plr]

Can anyone explain why Ethereum is kissing the floor?

I read that those others ICO developers are now dumping their Eth they got from their ICO and it's like a domino effect, those developers who are doing this are scam ICO who wats to convert their eth to fiat and run away with their investors' fund and this greatly hard the ICO industry.

[glendall]

keep calm, this is just a drama, soon eth will rise again and reach a price of 1000 USD, but it takes at least 1 year at the longest,
because yesterday I got word on the internet that eth will make new changes, we just wait for it to be true or not.

[Yaddady]

ETH like most all other coins have been on a downward spiral due to the prevalent market conditions. But ETH has been really hit because a lot ICOs performed poorly this year, scam ICOs also had an adverse effect on it as a lot of them dumped the ETH they generated during their token sales on the exchanges.

[Juggy777]

Can anyone explain why Ethereum is kissing the floor?

It's just not Ethereum it's the entire crypto world that's kissing the floor, it's an extended period of bear run and nothing can be done about it, except to sit tight and hodl your coins. Another reason is all Ico's sell for Ethereum coins, and due to Ico's selling there is wider pressure on Ethereum. I would suggest you to add few Ethereum coins cause they're selling really cheap, and Ethereum is a popular alt coin it should rise up soon.

[treatWy]

Unintentionally, unexpectedly it just happened that way. Ethereum known as potential with enough community to manage the obstacles that will come against ethereum. Unfortunately, the deeply weep of investors are going in the floor due to ethereum consistently dropping. Unknown when it will rise from its undesirable place. But pretty sure it will recover again.