Share this article
Ether Price Hits One-Month Low Below $280
The price of ether hit its lowest point in one month on Monday, falling to $275 despite strong gains observed elsewhere in the cryptocurrency market.
Updated Sep 13, 2021, 7:04 a.m. Published Oct 23, 2017, 6:00 p.m.
The price of ether fell to a one-month low today.
The ether-US dollar (ETH/USD) exchange rate slid to $275, its lowest level since Sept. 23, according to available market data. The cryptocurrency is currently trading at around $285.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As per CoinMarketCap, the cryptocurrency that powers the ethereum blockchain has shed roughly 3.3 percent in the last 24 hours of trading.
Week-on-week, ETH is down 14.97 percent, while it is trading largely unchanged on a monthly basis. Still, the development is notable in that it contrasts with ether's meteoric performance during the first half of the year, during which time it was speculated that it could even pass bitcoin in terms of total market capitalization.
Ether prices hit a record high of $400 before China moved to ban the initial coin offering (ICO) funding model in early September. Markets have perhaps yet to recover from that blow, given that ethereum serves as a platform for decentralized application development and funding through ICOs.
While bitcoin prices took a hit on ICO ban and exchange shutdowns in China, it eventually rallied more than 100 percent from the Sep. 15 low of $2,980 to fresh record highs above $6,100.
Price charts via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
