I am amazed at the price of the current Ethereum. I also want to know what happened, which led to the collapse of Ethereum, but I believe that Ethereum will have a rebound.
1 a lot of FUD to the crypto
2 people are liquidating their ether to the bitcoin and stable currency
3 a lot of people are feeeling disbelief with the market
4 regulators are putting more strict regulation to the crypto
5 The manipulators have made the situation even worst because they are creating panic market and that makes a lot of newcomers feeling panic.