The price of Ethereum (ETH / USD) falls below $ 200 over the weekend


  The price of Ethereum (ETH / USD) falls below $ 200 in difficult weekend trade

The price of Ethereum (ETH / USD) fell below $ 200 for the first time in more than a year , while the second digital currency continues to show weakness after last week's crypto collapse.

Ethereum had to endure some hard trade over the weekend, especially Saturday, when it lost almost 10% of its value. The sharp decline led to its first close below $ 200 from July 30th. According to data from the trackmarketcap digital currency, the currency closed the session on Saturday at $ 197.95, down from its initial level of $ 217.91.

early hours of yesterday's session, with its price touching a minimum of $ 188.31. The currency attempted to mount a recovery in the afternoon, but did not have enough momentum to sustain a significant rally above $ 200. As a result, Ethereum withdrew shortly after reaching an intraday peak of $ 207.67, ending the session at $ 196.92.

The coin had another spell above $ 200 in today's early trading, before returning to levels below $ 200. At the time of writing, the price of Ethereum was around $ 195.

According to a A recent report from the Coindesk industry website, the number of short orders on Ethereum reached a new record high during the Friday trading session. Citing data from the Bitfinex cryptocurrency exchange, Coindesk reported that, approximately at 10:00 UTC (11:00 BST), the number of short orders placed at ETH / USD exceeded the previous score of 202,854 to finally reach a new high of 208.689.

In today's trading, the price of Ethereum stood at $ 195.75, starting at 14:21 BST. The digital currency has lost 4.3% of its value in the last 24 hours, shows Coinmarketcap data. The total capitalization of the currency is currently just under $ 20 billion.

For more information on how to buy and trade Ethereum, see our comprehensive Ethereum guide.

Source link