Ethereum has lost more than 17% in the last week
The price of Ethereum fell below $3,100 overnight, continuing the decline that began on Wednesday afternoon. In recent days, ETH has hovered around $3,200.
This week, the big drop in Ethereum and Bitcoin followed the disappointing US employment report for December and the publication of the minutes of the December meeting of the Federal Reserve Board, which signaled that the central bank will begin to slow down measures to support the economy.
Ethereum set a new historical record when it broke the $4,850 mark on November 10, and maintained this strength until December before rolling back towards the end of the month. Even taking into account the late decline, Ethereum ended the year much better than it started: in January 2021, the price of ETH was a little more than $ 1,000.
As with any long-term investment, experts advise ignoring the ups and downs.
