Ether (ETH) Falls Below $300 for the First Time in 2018, Reaching Levels Last Seen in November 2017

Siamak Masnavi
  • 13 Aug 2018

On Monday (13 August 2018), Ether (ETH) fell below $300 for the first time in 2018, reaching levels last seen in November 2017.

According to data from CryptoCompare, as shown in the one day chart below, at 11:00 (UTC), ETH was trading at $319.51. Three hours later, it was slighly lower at 317.56. However, by 16:30 (UTC), it had gone below $300 to reach $298.05:

ETH chart.png

At press time, ETH is trading at $293.67, down 8.39% in the past 24-hour period.

Here is the one month chart for ETH, showing how the price has fallen from 48% from $435.09 to its present level:

ETH chart 2.png

And finally, here is the one year chart, showing that the last time ETH was below $300 was 10 November 10, when it was trading around $296.86:

ETH chart 3.png

Ran NeuNer, CNBC's "Crypto Trader", sent out the following tweet on 11 August 2018 to make the observation that the ETH price had reached the same level as (almost) exactly one year ago:

Later, he sent out this tweet to note the level of Bitcoin dominance:

It is notable that on 8 August 2018, NeuNer had sent out this tweet to say that he was a long-term believer in ETH and had started accumulating it:

A few minutes ago, he confirmed that he had not been joking on 8 August 2018, and that he was serious about HODLing ETH:

 

Featured Image Credit: Photo via Pexels.com