The Ethereum below $ 500

The Ethereum price fell below $ 500 for the first time in months, currently standing at $ 495 at the time of writing.

The currency broke rank with the rest and began to fall at the accelerated pace yesterday, down 20%.

It has been cut in half in just over a week, with the currency falling about 70% from its record high of three months ago.

The currency is now at the level it was before December 11, a date that comes back and that we showed above in this enormous big green candle.

December 11th is the day when the term bitcoin will be launched, with Bitcoin itself seeing a huge green candle on December 5th.

As can be seen above, the candles were fairly normal before December 11, and then changed dramatically, potentially suggesting that futures might have a role to play.

The question now is whether ethereum will fall below its previous record of $ 420 reached in May 2017.

It never crossed its historic high, but Bitcoin saw in 2016 a drop from its historic high of $ 260 for a short time.

The period after December for ethereum seems to be a replica of bitcoin price movements. Whereas before, he had a mind of his own.

What has changed remains unclear, just as it is not clear why it started falling faster than any other motto.

Although they are all very low. Bitcoin Cash fell below $ 700, while bitcoin itself dropped to $ 7,500 with red dominating crypto markets.

Desperation is there, some say, but only time can really say because some cryptos lose 90% of their value compared to the record level

Billions have now been eliminated because the month of March is no better than most of this brutal winter.