As of September 2, 2019, Ethereum was down 12 percent against the US dollar, and down nearly 9 percent against Bitcoin. The value of Ethereum has been dropping over the past few days, and many people are wondering why.

There are a few possible explanations for Ethereum’s recent price drop.

One reason Ethereum may be dropping in value is that the ICO (initial coin offering) market is cooling off. ICOs are a way for startUPS to raise money by selling digital tokens, and they’ve been very popular over the past few years.

But as the ICO market has begun to cool, investors may be selling their Ethereum holdings to cash out on their gains.

Another reason for Ethereum’s price drop could be the upcoming launch of Bitcoin’s Lightning Network. The Lightning Network is a second-layer solution that will allow Bitcoin to scale by enabling faster and cheaper transactions.

Many people believe that the Lightning Network will make Ethereum obsolete, so investors may be selling their ETH holdings in anticipation of this.

Finally, it’s also worth noting that Ethereum’s price often fluctuates in relation to Bitcoin’s price. So, if Bitcoin’s price is dropping (as it has been over the past few days), this could also explain why Ethereum’s price is dropping.

Whatever the reasons for Ethereum’s recent price drop may be, it’s important to remember that cryptocurrency prices are highly volatile and tend to fluctuate frequently. So, even though ETH may be down at the moment, it could easily rebound in the future.