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
This is due to volatility of cryptocurrency market as all prices may swing without a valid reason. All crypto were suffer the drop of prices not only ETH it happens also on bitcoin. Indeed the fall of prices gives the other investors a chance to buy at lower price and control the market if they will buy huge amounts of coins. If you have money you can control the market and become a whales. Money is powerful weapon to control the situation.