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?
I thought that there was an error in the ethereum price in the topic text and instead of the price of this coin at $ 4,000, the price of $ 400 is indicated. However, then I noticed that the topic was created a year ago. That is, the price of ethereum has increased tenfold over the past year. There are a lot of topics on the forum that criticize this coin for its weak growth, although, of course, it falls most of all for its high transaction costs. However, it turns out that a tenfold rise in price over the year is not so bad.
You can also draw a parallel with the recent price of bitcoin. Before the last rise, the current bitcoin price of over $ 61,000 was seen on October 15-17, when the ethereum price was over $ 3,800. Now, when bitcoin, after the growth, again dropped to the same price, ethereum remained at the price level of $ 4,042, that is, it did not fall to the previous price positions.