Re: Why ETH price keeps decreasing?

Quote from: ChillyMatthew on October 13, 2022, 04:51:57 PM

Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.

Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.

Why hasn't this had a beneficial effect on the price of ETH?

Original source:

https://twitter.com/thetokenist/status/1580532690360872961

https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/

In my experience ETH price will be decrease due to bearish market. Crypto Market dump continue from previous month. So the price of Bitcoin will also be dump. I think almost all altcoins will follow the price of BTC. So ETH price will be decrease due BTC is dump.