Ethereum’s price dropped below $2,900 Thursday evening, the second time this month it went below $3,000.
Ethereum dropped below $3,000 on Jan. 10, and its price is now the lowest it’s been since late September — the last time it went below $3,000 before this month. Its price was between $2,900 and $3,500 last week, and it’s been between $2,800 and $3,300 so far this week. Here’s how Ethereum’s current price compares to its daily high point over the last few months:
| One Week Ago (Jan. 13) | One Month Ago (Dec. 20) | 3 Months Ago (Oct. 20) |
|---|---|---|
| $3,391 | $4,048 | $4,240 |
These recent big drops to Ethereum and Bitcoin come amid continued surging inflation, a disappointing December jobs report, and the release of minutes from the Federal Reserve Board’s December meeting, which signaled the central bank would begin slowing down measures to prop up the economy as it continues to improve.
After topping $4,100 on Dec. 27, Ethereum has ranged between $2,900 and $4,000 in the days since.
Despite the recent slump, Ethereum still had a relatively strong close to 2021. Ethereum set a new all-time when it went over $4,850 on Nov. 10, and it carried that strength into December before falling back by the end of the month. Even with the late slump,…
