Ethereum's significant drop of $ETH in September can be attributed to several factors:
1. **Regulations and Policies**: News about possible stricter regulations in various countries has created uncertainty in the crypto market, negatively affecting Ethereum and other cryptocurrencies.
2. **Technical Issues**: Any technical issues or delays in Ethereum network upgrades can affect investor confidence. For example, if there are delays in the implementation of improvements such as Ethereum 2.0, this can cause concern.
3. **Sell-Off**: Large sales by institutional investors or whales (large cryptocurrency holders) can lead to significant price drops.
4. **Competition**: The emergence of new platforms and cryptocurrencies that offer similar or better solutions can divert attention and capital from Ethereum.
5. **Market Sentiment**: The overall sentiment of the crypto market can influence the price of Ethereum. If investors are worried about a possible recession or a general market crash, they tend to sell their crypto assets, including Ethereum.
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