This has been a severe weekend for Ethereum. The world’s number two crypto assets have remained flexible for most of this month, while Bitcoin has eroded. This flexibility ended a few hours ago when ETH prices fell 9 percent.
Ethereum decreases by 9%
Ethereum has occupied the best part of the month for between $180 and $190. Meanwhile, this time last month, Bitcoin has dropped to pre-peak levels of its China-induced FOMO pump.
With good progress in Istanbul, and the DeFi ecosystem continues to show growth and expansion, there was hope that ETH could finally begin to separate from its older brother. Those hopes faded a few hours ago when Ethereum fell into the digital trench behind bitcoin.
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