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Ethereum entered the blockchain sector and the ICO market in 2015, when this second-generation cryptocurrency introduced intelligent contract operations for encryption enthusiasts around the world.
It seems that ETH has gone beyond its capabilities at the moment, offering the development of Dapp and the issuance of ERC20 tokens, which has driven the stars to the point of the second best currency in the market.
Tapping a record high of over $ 1,400 in mid-January, ETH was one of the most promising blockchain-based projects.
However, cryptography soon started to fall partly due to the frequent negative market trends and partly due to the fact that the Ethereum network proved to have some major scalability problems.
Precisely the lack of a scalable solution is what is said to be driving the ETH.
But is everything so lost for Ethereum?
Price Ethereum (ETH): new lows for the second largest cryptography
Ethereum made its all-time high in mid-January when the currency went to reach over $ 1,400 per unit, which was at the same time its historical high.
Over the course of a month, ETH managed to jump from the price of about $ 430 registered in mid-December to reach an all-time high of over $ 1,400 a month later.
However, for Ethereum things were soon changed, as the crypt began to decline with the decline in market trends. This is how ETH reached the value of $ 700 already at the beginning of February.
This is how ETH lost 50% of its value in less than four weeks. Investors and traders were probably trying to make profits from record prices, which led to a huge reduction in value.
Also, the dives have not stopped here, so ETH has even touched its new low of $ 380 in April 2018.
Currently, we can see it at the value of $ 212 per unit, while Ethereum has even dropped below the initial value of $ 200 to touch another minimum of $ 196 per unit.
Will Ethereum ascend by the end of 2018?
Ethereum is already showing some improvements in its price dynamics, mainly thanks to the positive market trends that appeared in the first week of November.
Ethereum has already shown another peak in May where it has risen to over $ 800 from the $ 380 price recorded in April 2018, but once again cryptography has started to decline.
Vitalik Buterin, founder and CEO of the second currency, said he would not be surprised if ETH had gone to hit $ 0 by the end of 2018.
This statement probably lowered the price even further, but allowed ETH to recover at the beginning of November, when Ethereum managed to exceed the value of $ 220.
Price Ethereum (ETH) today – BTC / USD
Ethereum is still showing progress in the market, once again gaining a positive momentum with a strong possibility that ETH can jump against the Fiat to touch a more flattering value by the end of 2018.
Over the past seven days with all the highs and lows summarized, ETH has raised 6.2% growth, also showing a positive return of 10% and 15% in the last period of 4 and 8 weeks.
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