Why Is Ethereum Dropping and Will It Go Back Up? Time to Buy the Dip

If you study the Ether price chart, you’ll notice a trend of consolidation followed by a breakout. For example, for about a week in February 2021, the crypto was dropping and then it started to soar. The surge caught a break for some time in March and then resumed. After multiple consolidations in between, Ether’s price charged rapidly and hit several milestones, including the prevailing all-time high of nearly $4,400 in May.

Therefore, the current sell-off is nothing extraordinary for Ethereum investors. If the trend holds true, you can expect Ether to go back up. The crypto could even set another all-time high by the end of 2021.