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?
for now i don't see any reason for ethereum to going down more my friend, maybe the down is only a while because of profit taking actions
soon we will see ethereum rise and grow more than $400
We cannot expect for ethereum price to stay on top so it will surely go down and then rise up again as expected. I think the reason of its downtrend is not just the Defi hype projects but the crypto market alone is not really doing well. Bitcoin is also having a struggle in maintaining its market privce so it will surely affect even altcoins too.