Why Ethereum dropped 15% in only 1 hour

[Power Man]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

[Scripture]

You have to look at the market as a whole and don’t focus too much on ETH because the trend is going down again and that’s what you called corrections. Well, let’s all hope that this is just a temporary correction so stop panicking and you might see this one as an opportunity to buy again, start acting now.

[Genemind]

BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.

[istiak2277]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

ETH market crash because of the BTC market crash. Not only eth every other market crash as well. This correction was very inevitable and the whole market capitalization reduced to $332.19 billion. Crypto Fear and Greed indicator was also at a record level and some people just thinking about bull run. I think institutional investors now booking their profit and they will buy back at the dip.

[goaldigger]

That’s good for you, and I hope that you sell early right before the dump begins because if you did not, then your analysis is useless. I’m expecting this one to happen because people will always take profit but this is not the end of the uptrend yet, we will not end the year like this again I expect a bounce back after this one as well.

[Periodik]

It seems the correction has already happened. And it almost equals the growth that was achieved in the past few days. That was just a matter of hours before the increase was totally wiped out.

But no worries. That was somehow expected anyway. That's always the case when there is a pump. People will seal their profit by selling their crypto holdings including Ethereum. Everything's pretty normal. In just a matter of hours also we will be seeing the price of Ethereum and other altcoins get back to having green candles. After the selling is done, the buying resumes. This is still a bullish season overall.

[robelneo]

If it happens to other altcoins that are not on the top 50, we can conclude that investors are losing interest in that coin, but this is Ethereum, if it dropped 15% this does not mean that people are losing interest, or it's losing it's potential, if we looked on the other top coins in the market they are still on a dip we can call it a correction period pretty normal when there is a big pump.
There's nothing to worry about, many investors have already made a profit from Ethereum current's price.

[Baimovic]

actually not only ethereum but most of the top altcoins are going through the same thing and it might be a market correction, happened as BTC prices plummet after pumping in the $ 19k price range. but I don't think this is the end of the bull market, I'm seeing some altcoins slowly starting to recover their price.

[CuriousGeorge]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

it's caused by the bitcoin dump. People were massively liquidating their ethereum. Bitcoin whales have become the main reason why this dump is happening right now. It's clearly stated that on the some crypto news site about that.
It's not a big surprise to see that ethereum gets the same dump as bitcoin. Both were having correlation. Ethereum was following the bitcoin trend.
Bitcoin dump and that means ether dump too.

[tycsols]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

This market crash seems suspicious and in my opinion big whales have caused it to create panic and buy top coins for themselve in lower price, I am hopeful that market will quickly recover from this crash and eth 2.0 will again cause big fomo and pump in eth price.

[yazher]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

The reason for this sudden drop is a sudden switch to another Altcoins or maybe some whales have switched their crypto assets to bitcoins. Also, there are possibilities that some people who hold ETH for a long time and wanted to take this chance to gain some profit from their long time holding of ETH. there are lots of possibilities though the common one will be this one.

[cabron]

Overall marketcap of crypto dropped from $580B to $501B in just a single day. They are all dumping after it couldn't break the 19500.

Very unfortunate for me I tried buying 1.4 ETH last night, If I just waited for just a day I could have had about 1.6ETH. This market is just unpredictable. I thought it will break barriers over and over.  

[2tang]

actually not only ethereum but most of the top altcoins are going through the same thing and it might be a market correction, happened as BTC prices plummet after pumping in the $ 19k price range. but I don't think this is the end of the bull market, I'm seeing some altcoins slowly starting to recover their price.

It's true as you said, the decline in digital currency prices are not only happening in ethereum but it is also happening in several other altcoins such as xrp, ltc, cardano and also bitcoin.
The negative sentiment that occurred caused the decline in ethereum prices to continue to decline by almost 10-15% and due to the downward trend movement in prices has reduced Ethereum's market capitalization down to around $61.31B, or around 10.40% of the total cryptocurrency market capitalization recorded on CMC recently,
Currently Ethereum is trading in the range of $537.
Hopefully the bearish trend doesn't press strongly so that crypto prices in the market will bullrun back in the market later.

[Atang Sulaeman]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

The reason for this sudden drop is a sudden switch to another Altcoins or maybe some whales have switched their crypto assets to bitcoins. Also, there are possibilities that some people who hold ETH for a long time and wanted to take this chance to gain some profit from their long time holding of ETH. there are lots of possibilities though the common one will be this one.

increases and decreases are all natural things, and maybe ETH owners may take this opportunity
by getting the benefits they get, and increases or decreases are common from year to year.
we can just take advantage of the opportunities that exist.

[Lorokan]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

Firstly; There is nothing like a flash crash; in crypto currency if you are very good in trading, and evaluation of market situations you would understand that any slight dump in bitcoin leads to a corresponding massive dump in etherum because all (96%) tokens; all  (96%) altcoins are paired with ETH Pair; while eth is paired with Bitcoin.

Fundamental and Technical analysis has predicted that there will be  a price correction in the market this week.
Hence the dump is not far from reach, if you did the basics correctly.

KEYWORD IS: Always do your trading findings diligently.

[yangongear]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

Because BTC' correction. All market movements closely follow BTC's movements. If you see BTC chart in this November, you can see it grows on a parabolic pattern, which is often very unstable and easily crash when correction happen.

[Maxre]

Almost 10 of the coins in CMC also experienced a decline, stay calm and don't panic easily, we are still at the beginning of a growth that will break the history of ATH.

[S_Therapist]

It seems it was the affect of the recent dump of BTC which was more than 10% within a day. Currently, it’s being traded at $16300, a significant drop within a day. Seems bearish while we expected it to be bullish. I can't see any other reason here.

[Iyeman]

BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.

that means ethereum can't leave from the domination that has been made by bitcoin. Another major crypto was dipping too due to the recent bitcoin dump.
The whales have been making a lot of noise around the market and they were dumping it when the market started to feel confidence with its position. There's not bad news about ethereum.
All of these drops were caused by bitcoin.

[speedforce]

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

it's caused by the bitcoin dump. People were massively liquidating their ethereum. Bitcoin whales have become the main reason why this dump is happening right now. It's clearly stated that on the some crypto news site about that.
It's not a big surprise to see that ethereum gets the same dump as bitcoin. Both were having correlation. Ethereum was following the bitcoin trend.
Bitcoin dump and that means ether dump too.

Yea not big surprise, its already be like a law of cryptocurrency price trend. Bitcoin Up, Alt Down. Bitcoin Down, Alt Down. Bitcoin Stable, Alt Up