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Ether (ETH) Eyes $500 After Taking 40% Nosedive

Ethereum network’s ether coin looks to rebound after seeing huge losses in 2018.

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After a down month and an even more bearish year for cryptocurrencies across the board, ethereum’s ether coin has seen it’s value drop from over $1,000 down to just over $500 on Coinbase.

The ether (ETH) cryptocurrency was touted by several industry insiders as the coin with the highest upside in 2018, and while the year still has three quarters left, early signs are not quite as promising. Take this with a grain of salt, however, as crypto markets are down across the board.

Ethereum’s ether cryptocurrency has seen a 40 percent month-on-month declineh, pushing the long-term price floor down to just $300, based on technical charts from TradingView.

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It remains to be seen if ether and the rest of the cryptocurrency market can rebound and have a strong 2018.

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