Ethereum Prices Keep Plummeting, Now At 2018 Low Point

Ethereum continues to melt down. This week, ETH hit $450 per token, its lowest point of the year and a severe drop from its high-water mark of just over $1,300.

While all cryptocurrencies have suffered price drops since December, ethereum’s has been particularly hit, losing nearly 50 percent of its value this year. ETH has lost just over $400 in the last month.

Even the good news about sharding, a method for scaling, and the development of ASIC chips to mine ethereum have failed to stem the tide.