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?
The situation in 2021 when various events occur in the crypto market. There have been several price corrections ranging from BTC to other top altcoins such as ETH which made many people worry about a massive price drop. But in October, everything turned upside down. BTC experienced a tremendous move to reach the price of $ 62K and ETH reached the price of $ 4.1K. Regarding the high cost of ETH gas, it is because the price of ETH is higher than the price of ETH in 2017. If we count, the nominal is also the same.