Ethereum Price: Battle for $200 is on as Reversal Seems Imminent-2.34

The Ethereum price is looking anything but healthy at this stage. A lot of value has been lost in the past seven and a half months. In fact, it seems there is no improvement in sight whatsoever. One always has to put this Ethereum price drop into its proper perspective. The ICO craze may be one of the main reasons why this decline is happening right now.

Looking at the chart of just this past week, the Ethereum price has lost another 30.8% in value. That is a very steep correction, especially when considering no other top cryptocurrency comes even close to that figure. The next con on this list in Bitcoin Cash, which lost 22.7%. Even so, one would expect much better things from Ethereum given all of its technological appeal.

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