Ethereum, which broke new ground in the cryptocurrency world by enabling programming on the blockchain, was traded on Coinbase for a while for a reason that is not yet understood in the last hours.
Support at $100 as of the time of publication. Trying to protect its band, Ethereum created an opportunity to buy from the 13 dollar band for some lucky users in CoinBase.
ETH/USDC price rate in the stock market declined to 13.05 dollars, while @ColeGarnerBTC on Twitter was able to buy Ethereum at a low price. claimed all his orders were fulfilled and he had collected loads of Ethereum;
$ETH flashcrashed to $13 on GDAX!
Filled all my low orders. ALL OF THEM.
Sickeningly low!
What the FUCK just happened?
Who else got filled on this? pic.twitter.com/h0Kseg97ul
— Cole Garner (@ColeGarnerBTC) December 6, 2018
“For $13 on ETH GDAX regressed! All my orders have been fulfilled! What’s going on?”
The Reason Is Not Known Yet
While the reason for the sudden drop in Ethereum price is not yet known, in the news in Chepicap, Twitter users’ ICO’s price has been reduced this way for a while with the sale of loaded Ethereum.
Ethereum’s retreat to the $13.05 band is seen only in a single price pair, ETH/USDC, while Ethereum’s price change charts compared to euro and Bitcoin are unusual. It does not stand out.
A Twitter user said that a similar problem was experienced last year, and that CoinBase’s crypto exchange platform GDAX returned the funds of the users who were aggrieved after the price change. He added as a comment that they continued their lives with the ETH they collected without any change;
There’s been something like this last August. It was due to some engine failure and GDAX compensated everyone who lost on it while letting the jackpot hitters keep their stuff.
— 420sats (@420sats) December 6, 2018
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Ethereum is trading at 102.40 dollars with a 3.5 percent depreciation on Coinbase and 560 Turkish liras on BTC Turk as of the time of publication.
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