Ethereum fell bellow the $293.71 level on Wednesday. Ethereum was trading at 293.71 by 09:55 (13:55 GMT) on the Index, down 4.74% on the day. It was the largest one-day percentage loss since June 26.
The move downwards pushed Ethereum's market cap down to $31.58B, or 9.71% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.
Ethereum had traded in a range of $290.28 to $298.98 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 13.69%. The volume of Ethereum traded in the twenty-four hours to time of writing was $9.79B or 11.34% of the total volume of all cryptocurrencies. It has traded in a range of $273.0729 to $345.8342 in the past 7 days.
At its current price, Ethereum is still down 79.36% from its all-time high of $1,423.20 set on January 13, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $11,300.5 on the Index, up 11.75% on the day.
XRP was trading at $0.39895 on the Index, a gain of 2.25%.
Bitcoin's market cap was last at $203.15B or 62.43% of the total cryptocurrency market cap, while XRP's market cap totaled $17.07B or 5.24% of the total cryptocurrency market value.
