I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.
It is going down just because the bitcoin is facing massive dump. The rest of the coins whether it is ethereum, neo or any other altcoin, they are completely relying on bitcoin for the rise in their market values. This is the major reason why you are observing downfall in the prices of ethereum too. This is not permanent at all, with the passage of some time, ethereum will rise following the leader of crypto market.
market value is able to decrease when the level of interest in Ethereum will be very profitable for the future.
so for Ethereum which decreased enthusiasts can make the price down and the market also comes down.