RATE Group | Ethereum Price Falls to 12-Month Low as Altcoins Suffer
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Ethereum Price Falls to 12-Month Low as Altcoins Suffer

06 Sep Ethereum Price Falls to 12-Month Low as Altcoins Suffer

Posted at 23:24h in Ethereum News by

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ethereum price crash

Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year.

Source: CCN

Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain.

Source: Coinmarketcap.com

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017.

Source: Coinimarketcap.com

Mid-August Rally Unsustained

On Aug. 16, Ethereum moved from $250 to $280 following a 20% drop on Aug. 14 as the crypto market posted…

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