People are blaming whoever they can for the fall of ETH but honestly, I feel that ICOs are the one to blame here. After dumping massive amount of ETH on to the market the liquidity of ETH was massively affected and that is why it has been seeing constant drop during the bearish market.
This is not
blame. This is only a theory based on facts. The EOS development team holds $4 billion in ETH, not stored in their wallets anymore, but moved to Bitfinex and maybe in 2 other exchanges. What would the purpose of sending those coins to the exchanges be?
EOS' balances of ETH are held in exchanges since August or possibly before that.
https://diar.co/ico-treasury-balances/Also, read the article I shared in this thread.
https://bitcointalk.org/index.php?topic=4333347.0The possibility of truth based on evidence is clearer now more than before.