Ether (ETH) Drops Below $100
6-12-2018, 08:12 34
Copyright on text and image: CryptoGlobe.com
Here are two interesting charts from CryptoCompare.
First, the three-year chart:
And here is the one-month chart:
As you can see, it has been pretty much downhill price action during the past 30 days. On 6 November 2018, Ether was trading around $$214.86; this means that during this period, Ether has lost over 52% of its value. However, if you look at the decline since the all-time high of $1,385, which was reached on 13 January 2018, the decline has been even more severe: Ether has lost over 92% of its value since then!
As for the reasons for this insane price correction, there are potentially several factors at play:
Featured Image Credit: Photo via Pexels.com