The recent performance of Ethereum was extremely poor. The ethereum to usd price even fell below $200 in the past few days. Although the price has rebounded in recent days, especially after the news that Ripple will launch its new product xRapid next month was reported, this positive ripple news led to the rise of the entire market, Ethereum also took the ride, the ethereum price once again rose to more than 200 US dollars, but then, the price has begun to decline, still hovering close to 200 US dollars.

Insight Chain (INB) released the results of the Ethereum market research. This time, there were 776 valid mobile phone questionnaires in Insight DApp, of which 53.9% of investors thought that after some events, Ethereum's price was lower than its own value, and only 17.9% of investor believed that it was still considered to be higher than its own value. In addition, investors who think that Ethereum will be “slow/staged down” this week will be 36.3%, and investors who believe “slowly climb up” will account for 27.1%. In terms of what is the right time to buy ethereum, 43.0% of investors choose to buy when ethereum price breaks through $200, and 16.6% of investors choose to buy when it breaks through $250, 12.6% of investors said they would not buy ethereum anymore.

I personally think that the price of Ethereum has plummeted, in part because some projects were worried about the bear market of cryptocurrency this year and they also changed ethereum into cash in order to burden the operating expenses. These startups are raising a lot of money, but since they don't have enough money management or cash management experience, they are selling ethereum too early and putting a lot of pressure on the market. This practice was ok last year, but today the market is too fragile to withstand the pressure.

Early July this year, Joseph Lubin, co-founder of Ethereum and CEO of blockchain company ConsenSys, said that the decline in the price of Ethereum was reasonable. He said, "A few years ago, eth coin prices were only between $0.2 and $0.25, the price has soared, and the current state is reasonable. This shows to a large extent that people's excessive greed often causes excessive price inflation and downward adjustment, so we are considered to be at the best. The reason why we say this is because we are building very good products, we are moving towards the scalable era of the Ethereum network."

However, after more than two months, most investors are still pessimistic about Ethereum by judging from the above findings, maybe Joseph Lubin is too optimistic.