ETH continuously hit a new low in the current round, out of the lead in the independence of the decline, why is it so interesting. The last round of crazy rise was because the primary market is very popular with ETH. The upline projects are not 20 times or 3-5 times. The ETH is bought by the madness . The owners hold ETH and waits for the increase. So it caused a one-sided uptrend. However, now the direction of a 360-degree turn, the basic market sent by the currency market is basically a direct break, no one will use ETH to raise new tokens, the project side because of some panic, a large number of hands-off zero-cost recruitment ETH cash, leading to ETH crazy fall. People are also afraid that ETH will drop its own assets, especially those who are aiming for money-saving projects are even more afraid. This led to the current unilateral decline of ETH.
ETH will lag behind the rebound of mainstream currencies such as Bitcoin, and it will take a long time to recover.
With all these Ethereum killers where people can set up new tokens on other platforms its a wonder if ETH will even recover. I hope it does because a good 20 percent of my crypto portfolio is in there but we could very well be looking at Ethereum's death
its very obvious to say anything at this stage.
hope for the better.
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