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

[labake]

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.

[easybtcearn07]

This is sad to see. Given how well ETH was doing and was at the top for such a long time, this is sad. But let's hope that this will recover soon.

[Hui8]

The sell off could be because of lowered trust of people over the ETH recently as it is behaving very unusual these days. Look at the market and see how it is not progressing since many month now even when rest of the crypto grows it remains the same in value or either drops even further down. I guess this is not the best approach and thus people are dropping out and leaving ETH to die. However this situation will surely change back to normal once the ETH scalability is done and new updates are released for which everyone is waiting for.

[cryptoking252]

This is the lowest ETH has fallen in terms of price. But we still need to be optimistic and HODL. The price level will recover.

[Wrathhawk]

Seeing ETH in such a terrible state is sad. But all bad times will fade away. ETH will get out of the bad times too.

[acedia]

not in 9 months, a year. As soon as the Casper and Sharding protocols are implemented, Ethereum will become more stable. And of course there will be an increase in the cost. Again, if you compare with the prices of Ethereum on the ICO and the current, then everything is not so bad and sad. The fact that people bought Ethereum in the winter for $ 1500 is unfortunately from ignorance and misunderstanding of the current situation in the market. Don't create any more panic.)

[Luckycoins999]

it’s not just ETH but many other coins in the market has been falling like crazy. Some are expecting that ethereum is going to be dead soon. Besides, many worthless ICOs and projects have been working based on ethereum’s blockchain system which might have affected it negatively. The whales are also manipulating the market. Don’t worry, it’s normal and ethereum has still a lot of potential so the price will recover soon.

[hirngespenst]

Yes, lowest price of 9 months. I did not think ETH can go under 300 USD, but i am seeing ETH have the chance to go under 150 USD ! This year keep making us surprise with the down trend! But as the whole crypto market has down, then ETH is too. We need some good news like bitcoin accepted by the ETF! I hope this bad time will over, it is not the end. So, we need to be strong and keep fpcusing only on work. Let's see what future is waiting for us in this crypto field.

[Sarobeat]

The cost is liquid: it then goes down, then, on the contrary, it grows slightly above 300. So the course holds - the main thing is that something positive happens on the market. Then all the altcoins will go up again. 

[traktornut]

I do not see anything wrong, because the whole market is falling and not just ETH. as the market starts to grow ETH will rise in price.

[Bezobraznike]

it’s not just ETH but many other coins in the market has been falling like crazy. Some are expecting that ethereum is going to be dead soon. Besides, many worthless ICOs and projects have been working based on ethereum’s blockchain system which might have affected it negatively. The whales are also manipulating the market. Don’t worry, it’s normal and ethereum has still a lot of potential so the price will recover soon.

   Luckycoins999 you are right, many coins are experiencing deep fall, some of them are hitting their lowest price in
past year. Is it normal or not I can`t say, market is going in many directions, I guess this is a big test for all believers.
Prices can`t go up all the time, that isn`t normal.
   Most of the coins in my possession are down in terms of price, but I didn`t lose faith in big potential they have. I
believe that Ethereum will recover it`s previous ATH price very soon. If nothing this is a great time for buying Ethereum
with a nice discount.

[mrPix]

Just a regular episode of manipulating. It's strange to hope for the absence of vagueness and panic in crypto.

[vladaziya4]

For me, the best coins are: Bitcon, Altcoin. Because they thrive better than others, it seems to me, that's why they are our future, also this is my opinion. I think that they will reach the top, the main time that must be tolerated. Altcoin and bitcoin are some of the most stable and fast-growing coins. 

[annasadia]

We all know ethereum is a good coin and price fluctuation can happen at any time with any project. We hope price will rise again. So don't afraid to invest on this project.

[zininaks]

The dates of Ethereum listing on the BitMEX exchange and the sharp decline in the price of the cryptocurrency are hardly a simple coincidence. Before the addition of Ethereum held at a price point of about $470, since the beginning of trading on BitMEX, it fell by almost 40%.
Perhaps this is because BitMEX offers shorts and lending, which is why traders are betting on the fall of Ethereum. As a result, there is a huge number of bets on reducing the price of Ethereum, and when it falls, traders get a huge profit.

[AceDeep69]

The entire market situation is now downwards and this is why ETH prices are going down. But I think there is no reason to worry, the situation will change within a short time.

[dsc]

When comparing BTC to ETH, BTC has been holding up better.

[Coindgr]

The entire market situation is now downwards and this is why ETH prices are going down. But I think there is no reason to worry, the situation will change within a short time.

Anyone knows how long is this short time? 

When comparing BTC to ETH, BTC has been holding up better.

One of the best coins holding is Doge


We all should be aware that all the market may have a big dive to come... or not...

[HichemFetoui]

never mind i thinkl ethereum is the best altcoin around for me is the only alt that can replace bitcoin because of the number of project on top of it !

[Dreamchaser21]

The dates of Ethereum listing on the BitMEX exchange and the sharp decline in the price of the cryptocurrency are hardly a simple coincidence. Before the addition of Ethereum held at a price point of about $470, since the beginning of trading on BitMEX, it fell by almost 40%.
Perhaps this is because BitMEX offers shorts and lending, which is why traders are betting on the fall of Ethereum. As a result, there is a huge number of bets on reducing the price of Ethereum, and when it falls, traders get a huge profit.

Its really a coincidence, since the market is in the bear trend and not just ETH. Maybe people are selling of their ETH because of many investors are panicking at the current market. Now we hit the lowest price but maybe we can see a little dump price don’t worry because ETH will bounce back after that big fall.