Post
Topic
Board Speculation (Altcoins)
Re: Why ETH dropped 20% from the high peak? Anyone knows?
by
Casdinyard
on 27/02/2021, 22:41:55 UTC
From USD2000 dropped down to USD1400 for only 2 days?

Anyone knows what is happened?   Cry

Correction, price declined as Bitcoin dumped too. People start to accumulate more at this time, may we could see some little pump in the near time.

not a little pump in the near time, because all solid cryptocurrency project will create another ATH after this corrections over mate, i believe that

Things are not assured. We are not certain of when will the market price increase. The dump could last for a month, or even year, as evident to what happened before. But it can also go up back again within few days, that's just how volatility works. The question I think that should be asked is, if what happened is a correction already or just a part of its nature of market volatility. The prices of not only ethereum but most of the cryptos are in green marks for a long period of time, but if the market is pulled down, and resistance exist, it will be having a hard time to recover. Going back with your argument, there's no basis supporting that whenever price correction occurred, a new ATH will be announced. The market will more likely seek recovery than jumping into new ATH.