Ether trades at $2,380.17, which is 5.41 percent below the level of 24 hours ago. The low of the day was $2,332.43, the high $2,524.82. The 2,400 mark the price had been orienting itself around for days has therefore been broken on the downside. Converted, you pay 2,122.21 euros for one Ether.
What matters for placing this is not the single price but the breadth: if only Ether falls, the cause lies with the network itself. If almost everything falls, a common cause from outside is at work. That is exactly what this editorial team counted today, and the result is unambiguous.
Ether falls to $2,332: the day's range comes to 7.62 percent
Between the high and the low of the day lie $192.39. Measured against the high, that is 7.62 percent of swing within a single day. If you hold Ether, that means two things. First, the price you saw last night was not the price at which you would have sold this morning. Second, a range of that size is enough to close leveraged positions that were built for quieter days.
The Ethereum price prediction places the current move in the longer run. Over seven days Ether is down 7.16 percent, ov...
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