After Crashing 15% in 1 Day, Is Ethereum Still a Buy?

Core Viewpoint - The recent decline in Ethereum's price is attributed to a market-wide event rather than issues specific to the Ethereum network itself [3][4][9] Price Movement - Ethereum's price dropped by 15% during the flash crash on October 11 and is down approximately 9% from its price 30 days prior as of October 22 [2] Cause of the Crash - The flash crash was triggered by the Trump administration's announcement of new tariffs on China, leading to a broader market pullback [3] - Highly leveraged crypto traders faced liquidations, causing a withdrawal of liquidity from both decentralized and centralized exchanges [4] Ethereum's Performance - Despite the market turmoil, Ethereum managed to handle the increased volume without collapsing, although gas fees spiked by about 1,170% on October 10 compared to the previous day [5] - The decentralized finance (DeFi) ecosystem on Ethereum experienced significant fallout but is showing signs of self-stabilization [6] Long-term Outlook - The long-term investment thesis for Ethereum remains strong, with expectations of continued value appreciation despite recent challenges [7][9]