It is no secret that the value of Ethereum (ETH) in the crypto markets has been one of the hardest hit since the onslaught of the bear market that begun in February. Around this period, ETH was trading at levels not too far from its at its all time high in January of $1,400. ETH is currently trading at $203 at the moment of writing this: an 85% decrease from its peak value. The digital asset had also dropped to $189 on the 12th of October after the fake news that Goldman Sachs had halted plans for a Bitcoin and crypto trading desk.
Several reasons for the decline of ETH have been postulated all over the crypto verse. But let us explore three factors as to why Ethereum has declined by 85% in less than 12 months.