Looks like Ethereum may have finally found some support around $245, with the 24hr high at $283. But why are we down here in the first place?
Looking at the week chart we can see one reason for the panic selling.
A price drop to 10cents
Newer investors freak when they see this kind of fluctuations and being shorting, and who knows this could still be market manipulation driving the price down.
Looking at the 3 day chart we can see the steady decline as with most of the cryptos, but this was a little different. Rumors of Vitaliks death, which was started ok Reddit, could have been the spark that set fire to Eth charts.
Market cap: $23 billion
24hr volume: $2billion
Sidenote
Not too long ago the Ethereum market cap was $37 billion going on to rival that of bitcoin!
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https://steemit.com/minnowsunite/@hypexals-spiral/minnow-support-project-how-to
