#Ethereum price analysis: #ETH/USD recovers to $470 as Ethereum developers propose to reduce block reward

July 23, 2018


Ethereum has recovered from the low of $43954, reached early on Monday, but it is still well below recent high. The second largest coin with a market value registered at $4B have an average daily trading volume settled at $1.3B. It is mostly unchanged on a daily basis while growing volatility may trigger more extended recovery amid positive sentiments of a broader crypto market. Ethereum has fallen victim airdrops of Chinese crypto exchange FCoin and spam attacks, allegedly triggered by EOS bots. They resulted in a transaction fee growth amid lower trading volumes. Apparently, Ethereum network is still experiencing negative consequences of those events. Ethereum (ETH) is the 2nd largest cryptocurrency by market cap size. It is down 0.10% over the past 24 hours and is currently trading at $464.40. It can be bought with fiat dollars, credit cards, or debit cards on cryptocurrency exchanges such as Coinbase, CEX.io, and Changelly.

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#Ethereum #ETH

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