Why Ethereum dropped 15% in only 1 hour - page 3.

ven7net

full member

Activity: 1946

Merit: 112

Quote from: Power Man on November 26, 2020, 07:27:49 AM

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.

I would be interested to know more information about this, although I believe that the collapse in ETH prices is an obvious phenomenon that has happened with all top cryptocurrencies such as BTC, LTC, XRP. How does this relate specifically to ETH? I don't think so. The market must show movement in order to grow. If you have noticed that the latter, many crypto assets were growing and there was no significant fall. We are now seeing the first act of growth and sharp decline. All this is to be expected and I am sure it will be repeated more than once.

prince V

sr. member

Activity: 812

Merit: 257

Not something to worry about I think, the price of bitcoin and most altcoins has gone up quite sharply in the last week and of course bitcoin correction is the main cause because we can see almost all coins turning red today.
I am sure it will not take long, so take advantage of this opportunity to get back in when prices start to rise again.

Tahsin Kabir Kollol

full member

Activity: 1610

Merit: 102

One of the reasons for the 15% drop in the price of Ethereum in a single day is that the price of Ethereum has been rising for a few days now and some Ethereum holders are making a profit by selling some of the Ethereum they have at the moment. Moreover, with the price of bitcoin approaching previous highs, many feel that bitcoin will go down again from here, which has led to a sell-off in the market. Also, when a cryptocurrency rises in price, it sometimes goes up and down through market correction, so it is important to look at the overall market analysis without considering the recent downturn.

onecall123

sr. member

Activity: 2156

Merit: 323

Because of profit taking and BTC correction. Actually BTC and ETH both dropped respectively. BlackFriday is coming to you with cheaper prices in ETH and 100$ off as just two days back it was over $600. Prices won't drop forever, so buy when it such lows before staring move upper side.

(o)(o)ilikeboobs(o)(o)

full member

Activity: 826

Merit: 105

Usually, bear markets are faster than bull markets, and it's not uncommon for Bitcoin to quickly drop from $ 18k5 to $ 16k within hours. We already know that most altcoins track the volatility of Bitcoin, and for Ethereum that's not too strange. See today most of the altcoins are falling and falling, the strongest possible are the altcoins on Binance.com's Future list.
I will see this as a short term correction. I believe the market will quickly bounce back in a day or two but the gains won't be as much as we are at the end of the month.

Kahoy01

full member

Activity: 481

Merit: 100

Quote from: Iyeman on November 26, 2020, 09:51:42 AM

Quote from: Genemind on November 26, 2020, 07:49:27 AM

BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.

that means ethereum can't leave from the domination that has been made by bitcoin. Another major crypto was dipping too due to the recent bitcoin dump.
The whales have been making a lot of noise around the market and they were dumping it when the market started to feel confidence with its position. There's not bad news about ethereum.
All of these drops were caused by bitcoin.

It is just market sentiment, look at the majority of cryptocurrencies where most of them are now retracing and dropping but for me is just normal because prices are now exhausting after increasing in consecutively days. The manipulators are now trimming wherein they are now taking profits that makes the price goes dump.

sharos

jr. member

Activity: 559

Merit: 4

That's totally market dependent.

Nobody can described the proper reason of dumping exactly.

And BTC, TRX also dumped on that time.

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: terizla on November 26, 2020, 10:45:14 AM

Not only Ethereum price is dropped. Bitcoin and others coin price are dropped now (red day).
I think this is because of bad news about Paypal. Paypal suspend user for crypto trading using Paypal's own service.
Source : https://www.google.com/amp/s/cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service/amp

well I totally agree with what you say, currently there are many exchange places whose coin prices collapsed because of bad news from paypal which deliberately closed access to buy bitcoin again, of course if it's always like this it will be easy to control the price of bitcoin, we better already trust paypal again.

terizla

sr. member

Activity: 554

Merit: 271

Not only Ethereum price is dropped. Bitcoin and others coin price are dropped now (red day).
I think this is because of bad news about Paypal. Paypal suspend user for crypto trading using Paypal's own service.
Source : https://www.google.com/amp/s/cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service/amp

Lore06

sr. member

Activity: 792

Merit: 251

Some people have predicted that this will happen, some corrections will occur in the price of bitcoin and it turns out that altcoins will also follow and this isn't something we need to worry about.
Now it's time for us to decide when we will come back in.

Sebas.tian

full member

Activity: 2184

Merit: 184

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Power Man on November 26, 2020, 07:27:49 AM

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.

The link would have done the needful for some of us with or without TA ability. What i saw was the release of Okex exchnage to allow their withdrawals from the exchnage. This created some sort of danger to the entire cryptocurrency but that's good for those who aspired to buy more stash before the price move again. The move of Bitcoin negatively was the negative effect the altcoins got some hours ago, though it's what the market need to start another bullish momentum.

Kvalentine

member

Activity: 504

Merit: 25

Quote from: Power Man on November 26, 2020, 07:27:49 AM

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.

Are you watching the whole crypto market? The dump starts from Bitcoin that's why many altcoins are going down too, bitcoin dumped from 19480$ to 16900$, that's a big dump and now I can't figure out if this is a correction or the bull market is already over

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

It's not only Ethereum that has dropped, other coins have also experienced a very significant price drop, price correction occurred because the market has pumped a few days ago, don't panic too much with price corrections, this could be temporary. so, you can take advantage of opportunities when the correction occurs as it is today.

whyrqa

full member

Activity: 1093

Merit: 103

Nothing out of the ordinary happened as the altcoin has always moved in the wake of bitcoin. In addition, we already knew, or assumed that some of the cryptocurrency users inappropriately use the opportunity to consolidate their profits, which led to a fall.

shaiksajidbasha123

newbie

Activity: 168

Merit: 0

Quote from: Power Man on November 26, 2020, 07:27:49 AM

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.

it's very simple btc price is down similarly eth price down it's a linked tokens now what is the reason somay people have a Panic now btc or eth price is increasing continue then so many people panicked selling there holding then price is decreasing

speedforce

full member

Activity: 758

Merit: 104

Quote from: CuriousGeorge on November 26, 2020, 08:28:11 AM

Quote from: Power Man on November 26, 2020, 07:27:49 AM

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.

it's caused by the bitcoin dump. People were massively liquidating their ethereum. Bitcoin whales have become the main reason why this dump is happening right now. It's clearly stated that on the some crypto news site about that.
It's not a big surprise to see that ethereum gets the same dump as bitcoin. Both were having correlation. Ethereum was following the bitcoin trend.
Bitcoin dump and that means ether dump too.

Yea not big surprise, its already be like a law of cryptocurrency price trend. Bitcoin Up, Alt Down. Bitcoin Down, Alt Down. Bitcoin Stable, Alt Up Wink

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: Genemind on November 26, 2020, 07:49:27 AM

BTC price dropped and everything followed, price correction is to be expected since the market had been pumping a few days ago. It was not just ETH but almost everything in the market dropped.

that means ethereum can't leave from the domination that has been made by bitcoin. Another major crypto was dipping too due to the recent bitcoin dump.
The whales have been making a lot of noise around the market and they were dumping it when the market started to feel confidence with its position. There's not bad news about ethereum.
All of these drops were caused by bitcoin.

S_Therapist

sr. member

Activity: 308

Merit: 280

It seems it was the affect of the recent dump of BTC which was more than 10% within a day. Currently, it’s being traded at $16300, a significant drop within a day. Seems bearish while we expected it to be bullish. I can't see any other reason here.

Maxre

full member

Activity: 812

Merit: 120

https://combonetwork.io/

Almost 10 of the coins in CMC also experienced a decline, stay calm and don't panic easily, we are still at the beginning of a growth that will break the history of ATH.

yangongear

full member

Activity: 447

Merit: 100

Quote from: Power Man on November 26, 2020, 07:27:49 AM

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.

Because BTC' correction. All market movements closely follow BTC's movements. If you see BTC chart in this November, you can see it grows on a parabolic pattern, which is often very unstable and easily crash when correction happen.

Topic: Why Ethereum dropped 15% in only 1 hour - page 3. (Read 682 times)