I had a similar conversation with someone earlier today. "Ethereum has been really adopted as a software development company, so it's really loved by the developers and programmers out there so the IT companies will start using it soon." This notion is very similar to what I had in mind. I'm not well versed in all of the technical side, but my point was that developers clearly like the Ethereum chain, which is why I'm not panicking with these mini "crashes" when someone decides to make a multi-million dollar market sell order. The only thing that has me concerned is a scam ICO on the Ethereum chain that send people running.
Exactly CMRAZZ, Great!!
Also I forgot to post this in my comment. The "crash" was due to a massive order. GDAX's official statement said "On 21 June 2017 at 12:30pm PT, a multimillion dollar market sell was placed on the GDAX ETH-USD order book. This resulted in orders being filled from $317.81 to $224.48, translating into a book slippage of 29.4%. This slippage started a cascade of approximately 800 stop loss orders and margin funding liquidations, causing ETH to temporarily trade as low as $0.10."
Follow me if possible. thanks,
done.