Ethereum (ETH) Price Today: ETH Price Momentum

Ethereum entered the blockchain industry and the ICO market back in 2015 when this second generation cryptocurrency introduced smart contract operations to crypto enthusiasts around the globe.

It appeared that ETH went ahead of its own possibilities at the time, offering Dapp development as well as the issuance of ERC20 tokens, which made it skyrocket towards the spot of the second-best currency in the market.

Touching an all-time high of over 1,400$ back in mid-January, ETH represented one of the most promising blockchain-based projects.

However, the crypto soon started to dip partially due to the frequent negative market currents and by part due to the fact that the Ethereum network turned out to have some major scalability issues.

Precisely the lack of scalable solution is what is said to be driving ETH down.

But is it all so lost for Ethereum?

Ethereum (ETH) Price: New Lows for the Second-Largest Crypto

Ethereum made its all-time high back in mid-January when the currency went towards achieving the value of over 1,400$ per one unit, which was at the same time its all-time high.

In the course of a single month, ETH managed to jump from the price of around 430$ as recorded in mid-December to making an all-time high of over 1,400$ a single month later.

However, things were soon to be changed for Ethereum as the crypto started to drop with the declining market trends. That is how ETH touched the value of 700$ already at the beginning of February.

That is how ETH lost -50% of its value in less than four weeks. Investors and traders were probably looking to spin some profit from record prices, which led to the massive decline of the value.

Furthermore, dips didn’t stop there so ETH even touched its new low of 380$ in April 2018.

Currently, we can see it at the value of 212$ per one unit, while Ethereum even went below the initial value of 200$ to touch another low of 196$ per one unit.

Will Ethereum Go Up By the End of 2018?

Ethereum is already showing some improvements in its price momentum mostly thanks to the positive market trends that appeared in the first week of November.

Ethereum already showed another spike in May where it climbed to the value of over 800$ starting from the price of 380$ as recorded in April 2018, but once again the crypto started to drop.

Vitalik Buterin, the founder and CEO of the second largest currency stated that he wouldn’t be surprised if ETH went to touch the value of 0$ by the end of 2018.

This statement probably lowered the price even more, but still enabling ETH to take a rebound the beginning of November where Ethereum managed to go beyond the value of 220$.

Ethereum (ETH) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
$10,585.00
-1.18%
Ethereum (ETH)
$351.34
-1.27%

Ethereum is still showing progress in the market, once again acquiring a positive momentum with a strong chance that ETH might jump up against the fiat to touch a more flattering value by the end of 2018.

During the course of the last seven days with all ups and downs summed up, ETH collected 6.2% of growth, also showing a positive return of 10% and 15% in the last period of 4 and 8 weeks.

 

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.