RATE Group | Ethereum (ETH) under Threat of Sliding below $200 as Price Woes Persist
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Ethereum (ETH) under Threat of Sliding below $200 as Price Woes Persist

06 Sep Ethereum (ETH) under Threat of Sliding below $200 as Price Woes Persist

Posted at 11:12h in Ethereum News by

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ETH market prices are now below the levels recorded in August 2017, making the cryptocurrency one of the worst performers on a year-over-year basis.

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Ethereum (ETH) has become the target of extreme negativity as its price unravels at lightning speed. After the latest massive sell-off, with volumes suddenly exceeding the equivalent of $2.7 billion in 24 hours, ETH prices burrowed deeper toward the $200 level, dropping from a relatively stable $283.72 to as low as $226.18 around 07:30 UTC on Thursday. Trading volumes continue to expand as selling accelerated.

The slide in ETH prices drew the attention of Bitcoin (BTC) maximalists, who disapprove of the Ethereum hype. WhalePanda, a prominent Bitcoin proponent, tweeted:

https://twitter.com/WhalePanda/status/1037297381145018368

ETH has generated negative opinions as its price is now significantly lower compared to the same period of 2017. In early September 2017, it hovered slightly above $300. However, the more dramatic slide in ETH…

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