Forum Moderators: martinibuster
I don't know if 4,000 impressions per day is a big enough sample to prevent normal variation from causing big swings; I'd guess not, but I don't claim to be a statistician.
I do suspect that, if your site is highly targeted, what happens with a few advertisers may have a big effect on your CTR and earnings. If an advertiser stops running content ads or reaches its budget limit, that can change of mix of ads on your site, which in turn can affect your clickthrough rate and earnings.
Also, the quality of Google's ad targeting has had its ups and downs lately, so it's possible that your CTR is being affected by that.
Finally--and most important--one-day events aren't trends, so if I were you, I'd just grin and bear it until you can see whether the drop is a temporary annoyance or a long-term problem.