Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.
Don't worry too much, there is no reason like delaying Ethereum 2.0 launch date or any technology error, it is just a correction when BTC and ETH both have had huge growth over the past few days.
You know, everything needs to be rebalanced, no asset class can ever grow forever. There are many big financial funds like Grayscale and MicroStrategy holding Bitcoin right now, which is a signal that the price of Bitcoin will outperform the price it is now. ETH will also moon soon, and investor staking demand is increasing as fiat money is under heavy inflation.