Last year ethereum also experienced a decline as it is now, but to my knowledge does the price not fall as badly as this? how could this happen? what is behind it?
It's hard to predict any specific reason behind ETH dump, one reason could be that I bought it
I have a history of buying at wrong times, bought LTC and it dumped hard
One reason is that bitmex opened the leverage trading on there platform for ETH, and in 1 month time only, it got dumped by more than 57%
Another reason which I think is that ETH is not making any technical advancements and still stuck to where they were six months back. No real performance improvement have costed them.