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At the time of writing, the price of ETH is trading at $2,444, with daily gains of 1.6%, but with weekly losses of 10% and monthly losses of 22.4%. Thus, ETH is dangerously approaching the $2,000 mark.
The value of the second largest cryptocurrency has fallen considerably, following the general crypto market trend:
The total market capitalization of cryptocurrencies fell below the key $3 trillion mark, standing at $2.87 trillion. Bitcoin is one of the main culprits of this drop, with a price hovering around $86,000 after hitting a daily low of $85,400.