Ethereum Crashes to $4K, 7-Week Low Hit

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Ethereum prices have dumped below $4,000 for the first time in seven weeks as the momentum wanes.

Ether prices fell to $3,994 during Thursday morning trading in Asia, its lowest level since early August.

The asset was trading marginally above $4,000 at the time of writing, after shedding another 3.3% on the day. ETH is currently down 19% from its all-time high, and most of those losses have come over the past week.

The sharp decline comes amid a general crypto market pullback that has seen total market capitalization shrink below $4 trillion. However, Ether is getting hit much harder following its epic 225% surge from April to August.


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