After April 6, 2018, the cryptocurrency market has almost turned completely sour Multiple members have made hawkish statementsFederal Reserve stated that they believe aggressively increasing interest rates and decreasing bond purchases is necessary to counter inflation. Members acknowledged that it would lead to negative pressure being put on financial markets. This seems exactly what occurred on April 6.

From Cointelegraph Markets ProAnd TradingViewIt is evident that Ether has been moving in a downward direction (ETHThe price of the top altcoin fell to $3,178 on April 6, before it slowed down and recovered to $3,000.