Here’s What Might Have Triggered Ethereum’s Decline Below $1,600
Ethereum Here‘s What Might Have Triggered Ethereum’s Decline Below $1,600 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin After what has been two weeks of an incredible rally for the price of Ethereum, the digital asset seems to be running out of steam. ETHs price has now declined once more below $1,600 after a sharp downturn on Tuesday. The culprit for this seems to be growing FUD across the community. FUD Could Have Been The Trigger Ayon sa Santiment, the social dominance of Ethereum grew rapidly in the last couple of days. While this can sometimes be a good thing, it tells a negative story this time around. Ethereum is now dominating 21% of cryptocurrency discussion on social media and the on-chain data aggregator says this might be evidence that FUD might be behind the dip. However, this may not be the only reason. Isang ulat mula sa Bitcoinist had previously shown that profit-taking in large assets such as Bitcoin and Ethereum had been ramping up with the increase in price. Santiment also highlights this in its post, pointing to the spike in the profit-taking ratio on January 20. Taking this in concert with the growing FUD, it presents a recipe for disaster for the digital