Ethereum Plummets 10% Overnight: Possible Causes Behind the Dump

Ethereum Plummets 10% Overnight: Possible Causes Behind the Dump

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Ethereum (ETH) has been one of the many victims of the recent widespread sell-off in the crypto markets, which was sparked when Bitcoin faced a sharp drop that sent it to lows of roughly $9,500.

This latest drop has sent Ethereum reeling down 10% to a major support level at $185, and this latest drop may have been perpetuated by a Chinese Ponzi scheme that scammed a total of 800,000 ETH from…

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