Ethereum has confronted an accident underneath $160 this year, learnt by The Coin Republic. It is said that this week has been unsafe for ethereum. The destruction was unforeseen of it as in the ongoing occasions ethereum was performing truly well like it generally does. It would hold a gathering in Osaka this year. The destruction was in reality a cruel blow on it.
It was at that point dropped to $220 and after that to $160 per token. The following day ended up being random as the value rose to $175. Positive thinking and confidence in ethereum were reestablished in brokers.
ethereum price declines are still reasonable because BTC is also experiencing a decline, so it's not a dump or bad thing as you say, and also I think the meeting in osaka will give good news for ethereum, even though it's only a temporary price increase.
I think the thing that most determines the price of ups and downs of ETH is from BTC.
The booming period for ICOs has passed, so ETH is having a hard time attracting investors. I think ETh will be stuck in the long run and very difficult to return to the $ 500 price.
Be careful if you want to invest in ETH.
I don't think it will have a big effect on the price of ETH.