Receive all Cointelegraph news immediately in Telegram. JOIN × News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Events BlockShow 2017 Helsinki 2016 Events Events News Explained ICO Calendar Press Releases Submit a post Submit press release Events About Us Catalog Advertise Franchise Join Us The Cointelegraphfuture of money Toggle navigation Submit a post Submit press release News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Press Releases Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Press Releases Events BlockShow 2017 Helsinki 2016 Events Events News Press Releases Explained ICO Calendar Advertise 21 HOURS AGO By Jon Buck Ethereum Bounces Back 40% After Weekend Of Despair Ethereum Bounces Back 40% 8015 Total views 199 Total shares Altcoin watch Ethereum made a major bounce on Monday after a weekend of massive lows, recovering almost 40 percent from the horrific and volatile Sunday. The erstwhile cryptocurrency lost substantial traction, having fallen well below the support levels around $200, and the subsequent plunge left the currency a whopping 20 percent less, briefly touching $130 for a short time. However, by Monday, Ethereum had recovered some of its losses, rising 38 percent to a day high of nearly $180. The bounce left traders encouraged after the massive losses of the weekend, and many traders considered making purchases during the short term lows. The volatility of the market has driven some holders to consider selling, though a widespread support for Ethereum has led to some market loyalty. Many in the Ethereum community had already seen the potential for substantial price reductions after the large scale sell offs that the recent ICO boom would likely cause, and there was some speculation among investors that the lows could be substantial. Ethereum is still up on the year by over 2000 percent. Ethereum News Ethereum Price Volatility Markets Investments Comments (1) Hide Comments Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. Cointelegraph News Top News Recent Editor Recommends Buckle Up: Bitcoin Price Heads For Below $2,000 As August 1 Nears 48042 | 36 Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off 44357 | 11 Ari Paul, Tuur Demeester ‘Look Forward’ To Up To $1k Bitcoin Fees 42125 | 15 The Brief History of Bubbles 29555 | 15 Price Analysis: BTC, LTC, ETH 30994 | 6 Ethereum Price Analysis: July 11 – July 18 8944 | 2 Last 2 Days To Grab Winbot Anticipatory Crypto-fiat Trading Bot Tokens At a Jaw Dropping 50% Discount 338 Anonymous Deliveries: Canada Introduces Blockchain, Tor-Based Delivery System 6129 ICOs Will Go on Despite Ethereum Price Fall and Uncertainty 8085 | 1 Exchange Union Coin To Bridge Digital Currency Exchanges For Enhanced Trading 336 How Bots And Black Marketers Are Influencing Bitcoin Price, Altcoins Value 20767 | 7 Startup Darling EOS Cashes In Millions Of ETH As ICO Scorn Continues 22678 | 14 Investors are Comfortable With Bitcoin, Ethereum: Hong Kong Experts 10362 | 2 Stop Trying To Kill My ICO: Nick Ayton 12748 | 4 Five Big Businesses Leading Bitcoin Charge 19586 Hottest Bitcoin News Daily ×Close Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. ×Close Registration Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully. Confirmation email sent to email address provided. Sign up Already have an account? Log in here ×Close Login Email * Password * Twitter Facebook Log in with Facebook! I forgot my password Login Don’t have an account yet? Sign up About us The Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. Site map Catalog Advertise Franchise About us Projects Join Us Events International Sites Bitcoin USA Bitcoin Brasil Bitcoin Slovenia Bitcoin Spain Bitcoin Serbia Bitcoin Japan Franchise Information Terms of services and Privacy policy © Cointelegraph 2013-2017
