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Ethereum suffered a severe blow when it was moved to third place in the list of commercial XRP cryptocurrencies.
Within a mass downturn, Ethereum dropped from $ 210 to $ 174 in less than two days, marking major losses and touching a new low.
The new bass has brought further downturns by disabling ETH from taking a decent rebound without falling back down.
Although Ethereum was able to rise to $ 179 after the big downturn, it quickly fell to $ 175.
Given that ETH is currently seen in a rebound attempt, many Ethereum enthusiasts are wondering if ETH is able to get a decent rebound by the end of 2018.
Ethereum is doing massive hits: can the ETH be recovered by the end of 2018?
The market is currently suffering from serious downturns, with the exception of the Ripple XRP that goes against Fiat with a rising rate of growth.
On the other hand, Ethereum is seen down by -16% against the fiat in the last week, making it virtually impossible for ETH to exceed the value of $ 180.
While it was assumed, between the end of October and the beginning of November 2018, that ETH could be able to touch the value of $ 300 at the start of 2019 with a potential to achieve a higher value, now remains a question if Ethereum could even be able to exceed the value of $ 200.
Price Ethereum (ETH) today – BTC / USD
At the current rate of progress for ETH in the market, there is actually little progress as ETH is having difficulty acquiring a share of any positive trends in the market.
With the latest blow due to the negative market trends that have brought ETH to its newest low of the year, Ethereum has seen almost 50% over the course of a year, which makes recovery critical and difficult even for the second best crypto.
Will Ethereum go even lower or will it recover in the coming weeks?
At the beginning of November, when the market had been seen in rebound and ETH was still worth around $ 215, many forecasts indicated that ETH would increase its value by at least 3 times. the end of 2018.
The price of $ 600 per ETH, however, seems a rather unrealistic goal at this time when Ethereum is seen in a big downturn.
One can not help but remember the words of the first man of Ethereum, the managing director and founder Vitalik Buterin, who declared months earlier when ETH plunged into his first minimum for months that would not have surprised if Ethereum had touched 0 in the following months.
It seems that ETH is decreasing a lot of its value, so at this point at least having an ETH of over $ 220 by the end of 2018 would be somehow a precious reconciliation in the way things are working for Ethereum in the last months.
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