Why Ethereum dropped 15% in only 1 hour

[shaiksajidbasha123]

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 very simple btc price is down similarly eth price down it's a linked tokens now what is the reason somay people have a Panic now btc or eth price is increasing continue then so many people panicked selling there holding then price is decreasing

[whyrqa]

Nothing out of the ordinary happened as the altcoin has always moved in the wake of bitcoin. In addition, we already knew, or assumed that some of the cryptocurrency users inappropriately use the opportunity to consolidate their profits, which led to a fall.

[mamesso]

It's not only Ethereum that has dropped, other coins have also experienced a very significant price drop, price correction occurred because the market has pumped a few days ago, don't panic too much with price corrections, this could be temporary.  so, you can take advantage of opportunities when the correction occurs as it is today.

[Kvalentine]

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.

Are you watching the whole crypto market? The dump starts from Bitcoin that's why many altcoins are going down too, bitcoin dumped from 19480$ to 16900$, that's a big dump and now I can't figure out if this is a correction or the bull market is already over

[Sebas.tian]

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 link would have done the needful for some of us with or without TA ability. What i saw was the release of Okex exchnage to allow their withdrawals from the exchnage. This created some sort of danger to the entire cryptocurrency but that's good for those who aspired to buy more stash before the price move again. The move of Bitcoin negatively was the negative effect the altcoins got some hours ago, though it's what the market need to start another bullish momentum.

[Lore06]

Some people have predicted that this will happen, some corrections will occur in the price of bitcoin and it turns out that altcoins will also follow and this isn't something we need to worry about.
Now it's time for us to decide when we will come back in.

[terizla]

Not only Ethereum price is dropped. Bitcoin and others coin price are dropped now (red day).
I think this is because of bad news about Paypal. Paypal suspend user for crypto trading using Paypal's own service.
Source : https://www.google.com/amp/s/cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service/amp

[TopT3ns]

Not only Ethereum price is dropped. Bitcoin and others coin price are dropped now (red day).
I think this is because of bad news about Paypal. Paypal suspend user for crypto trading using Paypal's own service.
Source : https://www.google.com/amp/s/cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service/amp

well I totally agree with what you say, currently there are many exchange places whose coin prices collapsed because of bad news from paypal which deliberately closed access to buy bitcoin again, of course if it's always like this it will be easy to control the price of bitcoin, we better already trust paypal again.

[sharos]

That's totally market dependent.

Nobody can described the proper reason of dumping exactly.

And BTC, TRX also dumped on that time.

[Kahoy01]

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.

It is just market sentiment, look at the majority of cryptocurrencies where most of them are now retracing and dropping but for me is just normal because prices are now exhausting after increasing in consecutively days. The manipulators are now trimming wherein they are now taking profits that makes the price goes dump.

[(o)(o)ilikeboobs(o)(o)]

Usually, bear markets are faster than bull markets, and it's not uncommon for Bitcoin to quickly drop from $ 18k5 to $ 16k within hours. We already know that most altcoins track the volatility of Bitcoin, and for Ethereum that's not too strange. See today most of the altcoins are falling and falling, the strongest possible are the altcoins on Binance.com's Future list.
I will see this as a short term correction. I believe the market will quickly bounce back in a day or two but the gains won't be as much as we are at the end of the month.

[onecall123]

Because of profit taking and BTC correction. Actually BTC and ETH both dropped respectively. BlackFriday is coming to you with cheaper prices in ETH and 100$ off as just two days back it was over $600. Prices won't drop forever, so buy when it such lows before staring move upper side.

[Tahsin Kabir Kollol]

One of the reasons for the 15% drop in the price of Ethereum in a single day is that the price of Ethereum has been rising for a few days now and some Ethereum holders are making a profit by selling some of the Ethereum they have at the moment. Moreover, with the price of bitcoin approaching previous highs, many feel that bitcoin will go down again from here, which has led to a sell-off in the market. Also, when a cryptocurrency rises in price, it sometimes goes up and down through market correction, so it is important to look at the overall market analysis without considering the recent downturn.

[prince V]

Not something to worry about I think, the price of bitcoin and most altcoins has gone up quite sharply in the last week and of course bitcoin correction is the main cause because we can see almost all coins turning red today.
I am sure it will not take long, so take advantage of this opportunity to get back in when prices start to rise again.

[ven7net]

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.

I would be interested to know more information about this, although I believe that the collapse in ETH prices is an obvious phenomenon that has happened with all top cryptocurrencies such as BTC, LTC, XRP. How does this relate specifically to ETH? I don't think so. The market must show movement in order to grow. If you have noticed that the latter, many crypto assets were growing and there was no significant fall. We are now seeing the first act of growth and sharp decline. All this is to be expected and I am sure it will be repeated more than once.

[Delisaara]

do you not see BTC, btc is experiencing a correction then other altcoins will also experience a very deep decline.  not only ETH, all altcoins are down very deep ... and my advice is to buy now while it's cheap, don't just be a spectator. Take advantage of the current correction.

[rendravolt]

Precisely now is your chance to double the existing ethereum to decline. But not only ethereum, ripple and other altcoins are also experiencing a decline. So if you have more funds I suggest buying some of them.

[aemma]

Bitcoin pumps and altcoins starting with Ethereum follows and Bitcoin dumps altcoins starting with Ethereum again follows suit, this has being the trend for a long time. Also, not only Ethereum is feeling the heat of the dump the whole market is also dumping hence it looks like price correction is taking place after days of massive pump which attracted a lot of attention, in the same way, market emotions and sentiment can also have a role in the situation.
In the same way, since the market is unpredictable, it is why it's important to always take profit as at when due, additionally, no one can actually tell when this dump will stop or if there will be another pump, hence those in profit will likely be taking their profits now, which of course will lead to more dump; this to the best of my understanding is how the market works. In addition, irrespective of the dump in the market, most people will still see it an opportunity to get into their choiced coins.

[Argoo]

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.

The fall in the price of bitcoin and ethereum is too strong for the situation to be corrected in just a few hours.  Bitcoin fell by almost three thousand dollars in a day, and ethereum by one hundred dollars.  It took them a much longer journey to rise to such price values.  In addition, there is no guarantee that the fall in prices will stop there.  It will probably take considerably longer.  It seems that this year Bitcoin will no longer be able to climb to $ 20,000, as it did in December 2017.

[harapan]

The ones that experienced a price decline were not only ethereum but all coins in the market also experienced the same thing, that's because bitcoin is being dumped and in my opinion this is just a correction where there will be a big step soon