ETH price falls below 300usd, lowest price in 9 months

[organelles]

A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months.
Ethereum had traded as high as $323 earlier in the day, but a flurry of sell orders began to pummel the market at approximately 15:00 UTC, driving ETH closer and closer to $300, a level it had not touched since 2017.
 Notably, this decline has not just occurred against the dollar, as the ethereum price has also cratered against bitcoin. Just six months ago, ETH was valued at just under 0.1 BTC. Now, it’s priced at less than half that mark and shows no signs of finding its footing as bitcoin continues to gobble up market share. At a present value of 0.047, ETH/BTC is now trading at levels not seen since mid-December, when the bitcoin price went parabolic and briefly peaked at $19,891 on Bitfinex. It’s not entirely clear what drove the sell-off, which is disproportionately large compared to the minor declines exhibited throughout the majority of the rest of the cryptocurrency market.

The sell orders are what they use to manipulate the markets, anyone who knows cryptocurrencies knows that the sell and buy walls are the best way to drop or increase the price of a coin and they did tat perfectly well. Once those sell orders went up, the price just started dropping very fast, before we knew it the price had gotten to below #300

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[ivannalog814]

Guys look at the positive fall to not have to sell at the wrong time ! Think about the future of eth and buy it !

[Scharfenberger]

There is no reason to panic. Such successful and popular crypto just can't fade away like this. No doubts it's temporary and Ethereum will grow up again.                                               

[Dilireba]

I think that Ethereum is still in decline trend and it has not stopped yet, its price is decreasing by time and seems not stopping. I hold Ethereum since early of 2017 and now i lost almost $1000 each ETH, it's a sad lesson for me, i should sell them when it was at $1400 peak.

[BitTraderCute]

There is no reason to panic. Such successful and popular crypto just can't fade away like this. No doubts it's temporary and Ethereum will grow up again.                                               

it should be our chance to buy coins in lowest price.this price rarely happen ,and maybe it could be the last down movement for cryptocurrency.but we have to accept the risk buying in bearish trend

[veekky]

Yeah, this is lowest price, but you have to buy this deep,because probably we will never seen eth below 100$ and this opportunity shouldn't be missed!

[iyah adrian]

Indeed ethereum prices are now very low in recent months. Because all altcoin also experience the same thing. But this ethereum enters low prices and every day I see the development of ethereum's prices still not stable and has not returned to a good point.

[Checkoi]

there is a high probability that the ethereum will fall below $ 100, then the price will follow afterwards and I am sure that in future it will cost over $ 5k

[Enzos]

Ethereum is now hit hard and the current price is $115. This price is enough to shock all Ethereum investors. Now I think this is a very dangerous time. Now Ethereum can no longer continue to depreciate, otherwise everyone will sell Ethereum.

[adamreb]

A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months.
Ethereum had traded as high as $323 earlier in the day, but a flurry of sell orders began to pummel the market at approximately 15:00 UTC, driving ETH closer and closer to $300, a level it had not touched since 2017.
 Notably, this decline has not just occurred against the dollar, as the ethereum price has also cratered against bitcoin. Just six months ago, ETH was valued at just under 0.1 BTC. Now, it’s priced at less than half that mark and shows no signs of finding its footing as bitcoin continues to gobble up market share. At a present value of 0.047, ETH/BTC is now trading at levels not seen since mid-December, when the bitcoin price went parabolic and briefly peaked at $19,891 on Bitfinex. It’s not entirely clear what drove the sell-off, which is disproportionately large compared to the minor declines exhibited throughout the majority of the rest of the cryptocurrency market.

Of course, the whole investor is very sad to watch a similar situation. Personally, I bought Ethereum for $ 300. A further fall in prices often led to panic. But now the best solution is to be patient and continue to hold the coins, which will start to rise in price after the release of updates.

[Downloaded]

Unfortunately, now the dynamics of good cryptocurrency price declines really remain. Prices have already approached $ 100, but there is every chance to improve the situation from the middle of next year. Personally, I am sure that Ethereum today remains one of the leaders in the crypto market, with time it will definitely restore its former position.

[copyfile]

I think the price of $ 80 is not the limit. It is possible that the downtrend will continue, and we will see the Ethereum for $ 50. But if you want to invest, the current price is also very attractive. For the position smoothing then the

[nonbody]

A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months.
Ethereum had traded as high as $323 earlier in the day, but a flurry of sell orders began to pummel the market at approximately 15:00 UTC, driving ETH closer and closer to $300, a level it had not touched since 2017.
 Notably, this decline has not just occurred against the dollar, as the ethereum price has also cratered against bitcoin. Just six months ago, ETH was valued at just under 0.1 BTC. Now, it’s priced at less than half that mark and shows no signs of finding its footing as bitcoin continues to gobble up market share. At a present value of 0.047, ETH/BTC is now trading at levels not seen since mid-December, when the bitcoin price went parabolic and briefly peaked at $19,891 on Bitfinex. It’s not entirely clear what drove the sell-off, which is disproportionately large compared to the minor declines exhibited throughout the majority of the rest of the cryptocurrency market.

The current ETH price has fallen to the bottom, if you are optimistic about it, you can buy some.

[Turkish88]

ETH price already lower then 100usd.
Big wallets increase ETH to 80% its signal to buy maybe

[iyah adrian]

The price of Ethereum is now very low, and that doesn't happen to ethereum. All altcoins including ethereum and bitcoin also experience the same thing. A very drastic decline today in recent months. That is very bad indeed. Either what factors influence all of this. Hopefully in the future ethereum and other altcoins will increase in the beginning of the coming year.

[hardhouseinc]

I think these days ethereum will start to fight its way back where it was. Ethereum has a lot of potential and I am pretty sure that it will find a way to get back to $1000

[jpnl0008]

the price of ethereum has been dwindling since the drop of bitcoin price early this year, precisely the first quarter of the year, it is as at this time of commenting below ninety dollars and investors are cashing out and this is the lowest in months now. i wish it goes back to normal

[kzozenberg]

The price drop is due to the correction of bitcoin, as soon as it starts to rise the price will also recover so I think that I need to keep selling too late.

[zabir.brutov]

Look at the market today, the prices was around 80 USD yesterday and nobody knows how deep we are going to go next months. I am holding all coins and trying to buy some more, if I have any additional funds left.

[Happy Miner]

A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months.

Today ethereum costs $ 90 and I am sure that the fall will continue. If bitcoin drops below $ 1000 (this is the most likely scenario), then the price of ethereum will be $ 15-20.