Ethereum is back. The price of Ethereum is about to close the day right at $300. The last couple of days looked ugly, but that seems almost a long time ago, with a strong recovery in the last 48 hours.
You see, things move fast in the land of cryptocurrencies. The whole farce with the fake news of the death of Ethereum’s founder appeared today on some larger sites but is totally outdated. Business Insider, on the other hand, seems to be up-to-date with an Ethereum price news post, similar to ours, that the price of Ether is back above $300.
“The climb back above the $300 level comes just less than a week after a flash crash on the Global Digital Asset Exchange pushed Ethereum’s price down to as low as $0.10 before it quickly recouped its losses. After initially saying customers would not be refunded, GDAX reversed course and said those affected would be made whole.”
Indeed, there was a real flash crash last week, where, just on one exchange, the price dipped to $0.10. It is impossible to catch such a price, but some did.
Today, the price of Ethereum has moved between $249 and $308 (intraday high). That is exactly what Ethereum bulls would like to see, as explained in yesterday’s article Why The Price Of Ethereum Should Hold 200 USD.