Ranked second only to Bitcoin, Ethereum is one of the most popular cryptocurrencies in the markets. The technology that powers Ethereum has been hailed by many as one which may even replace Bitcoin some day. However, for now, Ethereum plays the second fiddle. Ethereum prices jumped by 9000% over the past year – attracting millions of new investors. However, Q1 2018 doesn’t look as promising as Q4 2017 was.
Over the past 24 hours, Ethereum price has remained quite static, falling by a mere 0.20%. Ethereum began the day at $848.50 and closed in at $848. While the last 24 hours aren’t indicative of much, the past week tells us a lot about Ethereum’s recent performance.
Ethereum began the week at a price of $935, from where it fell to a low of $798. It was followed by a slight surge which took the prices back up to $850. However, it now appears that there’s another downtrend forming – and one which is bigger than what we’ve seen this week.