Why Ethereum dropped 15% in only 1 hour

[whyrqa]

true, the market correction has been predicted since the Bitcoin bull a few days ago...
The "Bitcoin effect" is still impacting many Altcoins including ETH, the 15% price drop you see right now is just a temporary market correction. soon we will go to the new ATH Bitcoin, possibly in late December or Q1 2021.

Indeed, yesterday's correction was quite reasonable and predictable, but it has created a little panic in the market. but I'm confused, aren't they already making a big profit, unless they hold it, so they don't have time to sell. that's why the panic happened.

this is only the beginning, and I also believe the new ATH doesn't end here. there are still big hopes waiting in the next year.

Now all altcoins are like blind kittens, going for bitcoin. As always, when bitcoin falls and altcoin feeds, but as soon as bitcoin goes up again, the whole market should turn green. At least the most popular and rated altcoins will be in green color as they were before this correction. There is definitely no need to panic, because this correction has long been predicted, since it was a real opportunity to make a profit.

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[Krabby]

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.

Don't worry too much, there is no reason like delaying Ethereum 2.0 launch date or any technology error, it is just a correction when BTC and ETH both have had huge growth over the past few days.
You know, everything needs to be rebalanced, no asset class can ever grow forever. There are many big financial funds like Grayscale and MicroStrategy holding Bitcoin right now, which is a signal that the price of Bitcoin will outperform the price it is now. ETH will also moon soon, and investor staking demand is increasing as fiat money is under heavy inflation.

[bttmember]

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.

Longterm supporters and holders never get panic over these crashes and especially when biggest updates of the recent years in the form of eth 2.0 are just days away this crash should be taken as a buying opportunity before eth really moons.

[wxa7115]

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.

Ethereum is heavily correlated to bitcoin so there is nothing to analyze, ethereum fell in price so quickly because the same happened to bitcoin and people got scared, it is as simple as that.

What we really need to find out is why the price of bitcoin went down, and I really think this has to do more with external factors than anything related to bitcoin, yesterday it was reported that the results of the vaccine were not as good as first believed and that there were mistakes on the production and the research and this made some markets to lose some ground and to go down and I think bitcoin was affected by this.

[cahkalem]

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.

Ethereum is heavily correlated to bitcoin so there is nothing to analyze, ethereum fell in price so quickly because the same happened to bitcoin and people got scared, it is as simple as that.

What we really need to find out is why the price of bitcoin went down, and I really think this has to do more with external factors than anything related to bitcoin, yesterday it was reported that the results of the vaccine were not as good as first believed and that there were mistakes on the production and the research and this made some markets to lose some ground and to go down and I think bitcoin was affected by this.

a big dump in short period time happend because a huge selling actions in the markets
thats why ethereum price down hard in just 1 hour mate, i think this is a profit taking actions from traders,
but, for sure in the near time we will see the price growing back again my friend

[AnonBitCoiner]

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.

It's only due to the bitcoin.The price of bitcoin had reduced a lot.Nearly 2000$ in a day  is not a small chance. It had influenced most of the altcoin and reflected on the Ethereum also.Ethereum price reduced over a 100$ and it made the people to hold their coin. But holding is better option most of time then sell at low price.

[Kupid002]

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.

Longterm supporters and holders never get panic over these crashes and especially when biggest updates of the recent years in the form of eth 2.0 are just days away this crash should be taken as a buying opportunity before eth really moons.

True , this is a good opportunity for other to enter those who want to enter at the price of $600 but afraid because it may dump and this dump happens.  I am not saying it's a good entry but its much secured compared to buying it at $600 last Nov 25.

Everyone is waiting for the launch of 2.0 and we are just day a head to be there if you believe that it may give big movement in ETH then there is no question for you to buy it now .

[jaberwock]

People do not realize that the whole market is connected to each other at some level, so when one thing falls, the other things follow as well, and that is the main reason why this has happened, I can't say how long it will take or when it will stop but I can guarantee you that ethereum will go back up in price eventually.

Maybe this will be in an hour, or maybe it will be in a month but it will definitely happen no doubt in my mind. Also do not try to find a reason for one coin to drop, if there is  a reason for any other coin went down, that could cause the whole market to go down as well. So for example if bitcoin crashed because of a correction, that would also mean ethereum would drop as well, and there is no need to have ethereum specific reason for it.

[krisnajsadrak]

true, the market correction has been predicted since the Bitcoin bull a few days ago...
The "Bitcoin effect" is still impacting many Altcoins including ETH, the 15% price drop you see right now is just a temporary market correction. soon we will go to the new ATH Bitcoin, possibly in late December or Q1 2021.

Indeed, yesterday's correction was quite reasonable and predictable, but it has created a little panic in the market. but I'm confused, aren't they already making a big profit, unless they hold it, so they don't have time to sell. that's why the panic happened.

this is only the beginning, and I also believe the new ATH doesn't end here. there are still big hopes waiting in the next year.

maybe for expert this corrections already predictable, but not for new people ,
because new people will think the price will always growing up without any corrections my friend

[Samurai trieng]

Don't panic about the current situation for ETH, I firmly believe the 15% decline is just a temporary correction, it might not take long for ETH to break through, instead this decline is an opportunity to buy at $ 600 and be ready to  take profits after ETH 2.0 was launched, right?

[West0813]

Even though ethereum drop it's price there is no reason to panic. That is normal seen in the crypto market. Coins are moving up and down every minute or every hour.

[Harriti]

a decline occurs due to a falling market condition bear season is back not only on ethereum but for all coins And now the ethereum state is holding up and able to go up around 1% today Of course all we can do is hold until ethereum price rises at least back to the price before

I don't think a strong correction will be the beginning of the bearish trend!
You can see that today Bitcoin has hit a new ATH peak and the top altcoins have all risen nonstop. The marketcap of Ethereum is increasing again and there is no sign of stopping. When Bitcoin Dominance is high there will inevitably be a correction for the top coins and then there will be potential altcoins outside of the top 10. Predictably Ethereum will again rise to $ 800 soon in the coming days.

[peter0425]

Same question why Bitcoin drops bad in an hour also Ripple.

Don't just look for a single coin when you obviously seeing the whole market is bloody.
Of course that's either correction or Decline of market.

But even if eth drops 15% yet the climb is more than that right?so better be thankful  and just buy again since 15% discount is offer.

[shoreno]

Same question why Bitcoin drops bad in an hour also Ripple.

Don't just look for a single coin when you obviously seeing the whole market is bloody.
Of course that's either correction or Decline of market.

But even if eth drops 15% yet the climb is more than that right?so better be thankful  and just buy again since 15% discount is offer.

what can we do , maybe he is only a fan of eth and not by other coins and theres already people that talks about xrp and btc but there is only less people that talks about the dump of eth thats why he made one .

15percent dump only in an hour is already huge but to other coins their maxed dump happen not by an hour but its per day or more than that . if only eth can recover fast , thats a big blessing because earning in eth has never been fast and easy .

[target]

Same question why Bitcoin drops bad in an hour also Ripple.

Don't just look for a single coin when you obviously seeing the whole market is bloody.
Of course that's either correction or Decline of market.

But even if eth drops 15% yet the climb is more than that right?so better be thankful  and just buy again since 15% discount is offer.

what can we do , maybe he is only a fan of eth and not by other coins and theres already people that talks about xrp and btc but there is only less people that talks about the dump of eth thats why he made one .

15percent dump only in an hour is already huge but to other coins their maxed dump happen not by an hour but its per day or more than that . if only eth can recover fast , thats a big blessing because earning in eth has never been fast and easy .

Just hours ago, it happened again. You couldn't discount a manipulation here but maybe they are really trying to make a profit and some are just panicking to sell as well making the price drop but instantly go back up again while they also try to buy back at a desired low price.

This happens along with BTC dropping more than a thousand in an hour and back up again to $19k. If you wouldn't want to be caught in the mess, just hodl.