today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
Mainly, this certain cases about gas was the huge impact with ethereum to go down because of higher transaction cost which is gas fee. If there's no changes that will be made on this current situation, I don't think $400 per eth will be easier to reach because most holders and traders prefers optimal transaction cost rather than spending much.