This year has been a very stressful year for the world of crypto. Almost all coins have suffered the ups and downs fate of cryptocurrencies. I have always had some high level of confidence in ethereum ever since I joined the world of crypto. Despite the fall in the price of ethereum, this amazing coin keeps coming up but it is quite unfortunate how fast ethereum is dropping over the past weeks now. I still believe ethereum can rise again, what do you also think?
What is happening? It is really simple, this is bear market. People don't like buying anything when prices are going down, be it crypto, stocks or any other kind of asset. If you understand psychology you would understand the reason behind this. People see prices to go down and they even want to sell at loss if they have the feeling of prices going down. There are other speculations including that some past ICOs with huge stashes of ETH are selling because they need money to pay for things they do etc.
Another thing is that ETH is not alone in this and for the time being their best case so far was for ICOS and ICOs only.