🤔ETH falls 6% amid a wave of FUD on social media

The price of Ethereum fell by 6% in the last 24 hours, from $2,425 on September 15th to $2,260 on September 16th. The asset temporarily dipped below $2,200 during flash crashes on August 5 and September 7 and has now returned to levels not seen since January.

Overall, the crypto market was down 4.5%, with ETH suffering the biggest losses. There was a wave of negative news about Ethereum, which increased the pressure on the price of the asset.

Also, according to data from Binance, ETH vs. Bitcoin fell below 0.04, hitting a new low since April 20, 2021 at 0.03985.