Why The Price Of Ethereum Is Failing To Recover After Dropping Further During February

in #trader • 2 years ago

According to CoinMarketCap, the price of Ethereum fell further in February. The cryptocurrency is currently trading at $114, down 10% from its peak of $135.

The ETH/USD pair has been hit by the recent downturn in the broader crypto market. However, other factors may have contributed to this decline.

For example, Ethereum has been underperforming for quite some time, and it looks like the ecosystem needs more time to recover from the last bear market.

  • Ethereum Price History

At the beginning of 2018, the price of Ethereum increased rapidly due to its huge potential as an alternative currency for popular use cases. However, in the middle of the year, prices started to fall due to tighter regulatory scrutiny of ICOs (Initial Coin Offerings) as well as concerns about the amount of energy required for the technology to run. its network.

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2 years ago in #trader by
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