ETH has dropped 10% within 24 hours, ETH is in real danger as it may turn bearish at this time. We can clearly see the bullish movement is slowly fading and this is also the lowest point. After a massive rally from the past two months now it's going to red zone, The eth ecosystem has to show some major improvement else I am sure bears will take control.
Yes you are right but not totally right, how? Not only ETH is affected in this case, even Bitcoin was affected other good coins were also affected, so i see it as a thing associated with bear market, which is, when it sets in, hardly is any coin spared. Also, the Ethereum blockchain is already solid and it's a matter of time for more solid improvements to take place. Furthermore, being the numbers 2 in the crypto market shows the team is doing something right.
at that time there may have been a decline, but judging from the beginning of this March, ethereum had actually increased at a rate of 10%, although it finally fell at 4.9%. this week all the coins that were in the best position, all experienced an increase even though not much so did significant as well so are bitcoin.
hopefully in the next week it will stay afloat it might move up again.