I was surprised to learn that the price of ETH fell sharply in the past few weeks.
August 14, even after such a large discount in the morning, Ethereum fell 18% in value against the US dollar, down from $ 300 to $ 260 in a period. It is important to realize that the amount of money that the ICO makes in selling their cards is not necessarily new to the market, but funds stored electronically such as Bitcoin and Ethereum are transferred to the ICO. Given the strong downward trend of Ethereum and the rest of the market, it is clear that the increase in BitTrack ETH / USD partner activity has seen an increase in trading volume as investors have lost confidence in the trend. the short term of ETH. Given the sharp downward trend of Ethereum and the rest of the market, it is clear that the increase in trading volume of EMA / USD pairs held by BitMEX shows an increase in the number of transactions that investors lost. belief in the short-term trend of ETH. Although it is difficult to assert that ICO is the main cause of the collapse of the ETH, it is clear that liquidation of funds mobilized by selling the token plays an important role in creating a downward trend. Ethereum.