Ethereum Crashes to 9-Month Price Low Below $300 by ajsharma333

cryptocurrency · @ajsharma333 · Aug 14 '18

Ethereum Crashes to 9-Month Price Low Below $300

Hello friends,

Crypto markets have today failed to sustain their short-lived recovery, with Ethereum (ETH) plummeting to a multi-month low below $300 and only a scant few altcoins spared from the widespread losses, as Coin market cap data shows. 

![233.jpg](https://cdn.steemitimages.com/DQmdhcYRKezc7N3S4LiTDxGnjdASQKQ1jrbRfUf5YkQXFoZ/233.jpg)

[Source](https://cointelegraph.com/news/ethereum-crashes-to-9-month-price-low-below-300-while-bitcoin-shows-resilience)

Ethereum (ETH) is currently trading at $288, down a stark 9.77 percent on the day. Having traded sideways most of the day to hold close to the $320 mark, the top altcoin saw a vertiginous plummet in the two three hours up to press time.

Ethereum’s losses on its daily chart are the most severe among the top ten cryptos on CoinMarketCap’s listings. On the week, the leading altcoin’s losses are over 28 percent, with monthly losses pushing 33 percent.

Ethereum is currently trading at an 9-month price low, hitting below the $300 price point last in early November.

![2.png](https://cdn.steemitimages.com/DQmRiQJUdNCxwCGati1fA65P8VY9XzAKfgqZyG8vSgTKypf/2.png)
[Image Source](https://cointelegraph.com)


Bloomberg analysts today explained the drop in Ethereum’s price being due to “pressure from ICOs cashing out,” pointing out that Ethereum is the “most popular” platform on which blockchain startups build and raise funds


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@cheetah · Aug 14 '18

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://altcointoday.com/ethereum-crashes-to-9-month-price-low-below-300-while-bitcoin-shows-resilience/

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@steemcleaners · Aug 16 '18

$0.97

[Source](https://www.banklesstimes.com/2018/08/13/ethereum-crashes-to-9-month-price-low-below-300-while-bitcoin-shows-resilience/)
[Plagiarism](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/) is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam. 

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👍 adm, sergino

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@ajsharma333 · Aug 17 '18 (edited)

I already have given source of this blog from where I copied it 
You can see I have given the source of coin telegraph

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