Ethereum investors and traders fell in love with a very special technology for the many benefits it brings etc... but money making is the game and when money goes in and struggles to come out it leaves a bad taste in the mouth of many and causes panic.
The majority of the forces behind Ethereum's push to new all-time high this years are the Newbies (Emotional investors)!
A lot of this newbies according to reports were looking for an alternative to the mighty Bitcoin so they can quickly double or at least increase their investments...but what happened?
As they are getting to know Ethereum it crashes and holds their cash...No withdrawal. If this withdrawal block or delays continues then expect to see a massive sell-off soon from the EMOTIONAL investors which could bring the price of Ethereum even lower!