Ethereum's major crash tonight! Leading the market decline! Why is this happening?
ETH has just plummeted to $2500, becoming the biggest loser among mainstream coins on the network.
In just 5 months, it has nearly halved from the nearly $4956 peak at the end of August last year — when ETH was once considered 'the safest crypto asset' on Wall Street.
So the question arises:
Why has ETH transformed from 'Wall Street's darling' into today's outcast?
Because 'the largest dividend cycle in Ethereum's history has passed! At this moment, ETH, along with all major institutions completing their layouts, has officially transitioned from a low-risk high-return asset to a high-risk low-return asset.' This is my simplest summary and understanding of ETH's price, but this statement was not written today.
I hope you can get to know me sooner, don't be too late🫡
