Falling of Ethereum

[Wisbrown]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

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[coinporch]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

few days ago ethereum price drop about 20% and for me thats normal my friend
because the price will not always going up, a corrections will come because the profit taking actions from traders
so, no need to be worry because in the near time we will see ethereum price surpass its ATH

[Baofeng]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Almost all of the top coins are dropping, not just Ethereum, the global market cap is down 2.5%. So it's not just Ethereum that is going down, to be fair, so what's your point?

Are you in a panic mode?

[CaVO32]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Almost all of the top coins are dropping, not just Ethereum, the global market cap is down 2.5%. So it's not just Ethereum that is going down, to be fair, so what's your point?

Are you in a panic mode?

Maybe he bought eth and he is scared that it will continue to go down. However, he should take a look at the overall market and see what's the trend. At the current rate of eth, still it is high as compared to previous years. And by the way, this coming month, where there will be Berlin Hard Fork, I believe will boost the value of eth. So for the OP, don't panic, eth is a valuable project not just a crap one like most alts.

[Lordhermes]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Cryptocurrency coins continues to rise and fall, if a coin continuous rising then that's TBC, TheBillionCoin not crypto coin, if ethereum is falling then that's some sort of corrections because we are not in a bear market period, after every corrections there had been a massive green on some altcoin values, no fall is bearish one, it's just a clear corrections.

[livingfree]

What a news.

Aren't we used to the small drops that we're getting this time? but we all want only to see huge pumps and with such decline, it's already getting our attention?

That's not a huge drop honestly.

I'd buy if I think that's a drop that's a good deal.

[killerfrost]

What is the collapse here with this information, the adjustment of price fluctuations within the range of a few percent or even 10% during this period is very normal no surprise. This next growth, too, is likely to initially experience a slight aging shock and then rebound strangely on its own and follow bitcoin.

[Oilacris]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Then what?

If you are just new into this market then i would tell you this that 3% drops are just typical movements into this market or isnt something that you should really bothered out yourself

and then telling later on that this is the end of ETH or telling that bitcoin is rising up again.If you do decide to stick into this place then you should really get used into those price
percentage movements because it isnt really that like to be seen in upcoming future.

You would surely panic once you do see 10-20% corrections in price. hehe

[Jackl87]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Hello op. Seems like you are new to crypto. Daily price movements like this are totally normal in the crypto space.
It is also normal that sometimes people move from altcoins into bitcoin which means that altcoin prices are dropping and btc is rising. The next day people move into altcoins and it is the other way around. You can check the btc dominance for that

[shinratensei_]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

It's normal in cryptocurrency. I think that it's too far to think if that would be the falling for ethereum. That doesn't make sense just a little drop and then ethereum might die soon.
Ethereum has been making a significant increase a few days ago and that's a common thing to see.
Dude, ethereum can't fall easily.

[JeffBrad12]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Maybe the potential reasons is their gas fee, it's becoming crazy and I seen that most traders is avoiding several erc20 tokens right now and they were trap due to higher transaction rate. This is not a good sighs of the drop continuously happening, and believed right now all holders was shifting to another platforms like btc or tron.

Gas fees should not be the reason but bitcoin is. Did you aware if bitcoin was also dropping a bit too from its weekly position? that makes sense if another crypto other than bitcoin will get the same correction like bitcoin.
People are only seeing it based on the price without trying to analyze what the main thing that has been making ethereum gets dropped a bit.
here's the trend. Bitcoin goes down and altcoins too.

[btcsmlcmnr]

Gas fees should not be the reason but bitcoin is. Did you aware if bitcoin was also dropping a bit too from its weekly position? that makes sense if another crypto other than bitcoin will get the same correction like bitcoin.
People are only seeing it based on the price without trying to analyze what the main thing that has been making ethereum gets dropped a bit.
here's the trend. Bitcoin goes down and altcoins too.

Transaction fees on Ethereum network was high in 2020 since September. Ethereum Transaction Fees Hit Record Highs as Ether, DeFi Coins Soar. I don't think that the new record of transaction fee is the cause of price fall. If you consider the growth of Ethereum last few months, its price need to be corrected. Fee record is what you saw, not the cause.

How DeFi is Driving The Spike in Ethereum's Gas Price

Bitcoin is another cause in the net of causes. They are: Ethereum past growth, Bitcoin price, DeFi soar, new transaction fee record.

[South Park]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

In the stock market such a drop will be considered to be worthwhile of attention but in the market of cryptocurrencies that is just another day in the office, you are relatively new so you probably don't know but it is not rare for this market to move way more strongly than that in a single day and most people that have been here for years are not going to care that much about the movement because they know this is simply the way these market works, so you better get used to it or you are not going to last long.

[akirasendo17]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

crypto price is volatile and you can't perfectly predict the price, even bitcoin price goes down sometimes, especially if there is a problem in the network, the last time eth crash is when the fee's skyrocket and people go to smart chain and eth deposit and withdrawal are suspended by binance, so if there is something wrong or an incident there is a possibility that a coin price will drop, it's normal.

[aioc]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

So what if it is dropping, it's normal even Bitcoin drop at a much higher percentage and so do all coins in the market, no coin is safe from correction, there's always correction and it can happen anytime to any coin even if that coin is in the second position in the market, although there are a lot of complaints on Ethereum fees and transactions, that does not mean that Ethereum will be dumped, extend your patient a fix is on the way.

[FairUser]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

3% to decide the future? Price fluctuations for altcoins over the pastime when bitcoin increases or decreases we have all seen clearly, in general, the trend still depends on the growth of bitcoin. But with the current situation, I think there is no sign of the bear season, I am not trading, so these few small fluctuations are not too important for the coin to hold.

[GeorgeJohn]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

Ethereum is an alternative coin which is obvious that many of altcoins get rise or increase whenever Bitcoin increases and when Bitcoin fall's it really affect most of them partially, so ethereum dropping is normal that's shows that it will not decreased above the point it is currently, the next target is to speed up, since Bitcoin is approximately 57k, and with the slight drop of ethereum many people will be inquisitive to sell instead of holding it for longtime, and that's the get lost from cryptocurrency because of inpatient in marketcap.

[semobo]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

So where are you when ethereum was around 100 dollar at 2020? Its shows that how bad crypto user you are.

[Teraboy]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

It looks like you must try to learn more about how crypto market works today dude. I personally will not take care about that consider that's a common dump in crypto. Ethereum was facing a very small correction against bitcoin. You should not be surprised if that will happen with ethereum. it will not become the end for ethereum and ethereum wont even fall caused by a small decrease.
This time ethereum is facing another 10% increase due to the bitcoin bullish trend that already surpassed new ath

[aysg76]

Ethereum dropped with around 3%. Cryptocurrency fall to $1778. Against bitcoin. Ethereum continue dropping

The Ethereum network is being congested at this time and Gas is much higher compared to other currencies and that's why they are planning to shift to the Ethereum 2.0 based on POS concesus soon.The prices were rising due to high demand and new DeFi projects on the Ethereum blockchain technology but now they are also shifting to other blockchains like Binance smart chain or Polkadot blockchain which is much better than Ethereum as cover all the lacking effects of ETH.The prices will be stable somehow between $2000 until the Q3 of 2021 as the market is witnessing dips at this time which is other reason of price fall.So you can keep track of it and its good chance of investing at this time as they will give your profits in the long run surely.