Ethereum fell bellow the $299.24 level on Wednesday. Ethereum was trading at 299.24 by 10:47 (14:47 GMT) on the Index, down 2.81% on the day. It was the largest one-day percentage loss since July 4.
The move downwards pushed Ethereum's market cap down to $32.43B, or 9.24% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.
Ethereum had traded in a range of $299.24 to $313.81 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a rise in value, as it gained 3.15%. The volume of Ethereum traded in the twenty-four hours to time of writing was $10.27B or 12.40% of the total volume of all cryptocurrencies. It has traded in a range of $281.1782 to $317.9449 in the past 7 days.
At its current price, Ethereum is still down 78.97% from its all-time high of $1,423.20 set on January 13, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $12,748.6 on the Index, up 3.77% on the day.
XRP was trading at $0.38123 on the Index, a loss of 2.94%.
Bitcoin's market cap was last at $229.01B or 65.26% of the total cryptocurrency market cap, while XRP's market cap totaled $16.44B or 4.68% of the total cryptocurrency market value.
