how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense
No, it was not because the Ethereum network is having some problem in terms of scalability which was also confirmed by their CEO and was the cause of Ethereum pumping the 85% you mention. Although, still gain the heart of ICOs owner but not investors and crypto trader.
Well what happened to btc happened to eth after hitting their respective aths it seems. But does it warrant panic about the end? I don't think so. As we're seeing the market now, btc is holding strong around the 6.5k level while eth has just jumped back abive 200usd. Good days are coming.