Below $300: Ether Price Hits New Low for 2018

The price of Ethereum (ETH) just fell below $300 for the first time since November 12 of last year.

AccessTimeIconAug 13, 2018 at 5:52 p.m. UTC
Updated Sep 13, 2021 at 8:16 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Ether, the world's second-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Monday.

At 16:50 UTC during Monday's trading session, the cryptocurrency fell below $300 dollars for the first time since November 12, 2017, according to CoinDesk's Ethereum Price Index (EPI). 

ETH was last seen trading at an average price of $289.16, marking a roughly 9.6 percent decline since the day's open.

coindesk-bpi-chart-62-2

At press time, ETH is the biggest loser among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 28.33 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $10 billion within that period.

ETH has now effectively erased 100 percent of its year-over-year growth and is down 78% from its all-time high of $1,337. According to CoinDesk price data, ether was trading at $289.96 exactly one year ago

The cryptocurrency is one of a number of networks to see declining values during the Monday session. Well-known cryptos including EOS, bitcoin cash and cardano have all seen 24-hour losses in excess of 5 percent.

The total market capitalization of all cryptocurrencies is down nearly $15 billion from its daily high of $219.4 billion and is currently sitting at just above $205 billion, CoinMarketCap data shows.

: The author holds BTC, AST, REQ, OMG, FUEL, 1st, and AMP at the time of writing.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.