Post
Topic
Board Speculation (Altcoins)
Re: Why Ethereum dropped 15% in only 1 hour
by
Dragonfund
on 27/11/2020, 10:04:15 UTC
BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.

There inflow of large amounts of Btc and ethereum which indicates whales were ready to dump on the market. So, there was panic and reaction with traders, hodlers, fuders. This made everyone to sell their holding and market plummet and sank.
I still believe with few days, we will definitely break all time high.
Ethereum network upgrade is coming by Dec 1, there should be more demand by network validates as they really need more ethereum to stake once other platforms start giving out space.

Etheir ways, buy the rumor and sell the news, that's the only way to win in this game.