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.
In my opinion the ethereum price decline is due to the price of bitcoin falling to $ 5,000. If the price of Bitcoin rises again above $ 10k, I think the ethereum price will go up because the ethereum price againts Bitcoin still stable
It is more to the panic sell of ethereum to Hodl fiat, before bitcoin dump, ethereum seem to be favorite for purchase and trade as result of the btc value pump in the beginning of the year and some other attractive development that can protect the value of ethereum. More new holders of cryptocurremcy in less that 2 years had been stated to be more involved in the dump. We hope we have found new bottom