Cryptocurrency Q&A
Why has Ethereum dropped?
Why has Ethereum dropped?
CryptoKing
Wed Dec 25 2024
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5 answers
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I've been keeping an eye on the cryptocurrency market recently, and I noticed that Ethereum has experienced a significant drop in value. I'm curious to understand the reasons behind this decrease. Could it be related to market volatility, or are there specific factors affecting Ethereum's performance?
5 answers
EchoWhisper
Fri Dec 27 2024
Among these contributing factors is the Ethereum Foundation's strategic decision to sell large volumes of ETH.
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KatanaGlory
Fri Dec 27 2024
The current downturn in the market is predominantly fueled by persistent selling pressure from whales.
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SakuraFestival
Fri Dec 27 2024
This move by the foundation has added to the selling momentum, exacerbating the price drop.
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Giovanni
Fri Dec 27 2024
These whales have been offloading substantial quantities of Ethereum, thereby exerting a downward influence on its price.
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isabella_cole_psychologist
Fri Dec 27 2024
This selling pressure is not the sole reason behind the decline; several other factors are also at play.
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