Ethereum suffered the worst quarter in its history – what went wrong in 2018?

Ethereum’s Ether token closed the first quarter of 2018 with a 47.5 percent drop. This was recorded as the worst quarter in history.

The massive crash took place amid a general bearish trend in the cryptocurrency markets, but was exacerbated by Ethereum-specific problems.

However, this drop Although it may seem important at first glance, it is only a drop in the bucket considering the 9382 percent rally in 2017.

Ether’s worst quarter before this, judging from the historical data above, 40% decrease in the fourth quarter of 2016. The price had dropped from $13.97 to $7.97.

What went wrong in 2018?

There were some concerns regarding Ethereum with 2018 due to ICOs. First of all, confidence was shaken in the past year that a large portion of ICOs were used as fraudulent tools.. In addition, the regulatory authorities began to go against ICOs more harshly than ever before.

Another factor is that the general situation of the cryptocurrency market is not very encouraging.