At 8:14 PM (17:14 GMT) on Saturday, Ethereum was trading at $2,434.30, according to the Investing.com index, down 10.26% on the day.
This was the largest drop in the cryptocurrency's price since January 31st.
The decline was also driven by a reduction in Ethereum's market capitalization to $298.41B, or 11.08% of the total cryptocurrency market capitalization. At its previous peak, Ethereum's market capitalization was $583.89B.
Over the past 24 hours, Ethereum has traded in a range of $2,378.01 to $2,714.59.
Over the past seven days, Ethereum has experienced a decline in price, losing 16.31%. Ethereum's trading volume in the last 24 hours prior to the publication of this material was $36.56B, or 25.68% of the total volume of all cryptocurrencies. Its price has fluctuated between $2,378.0105 and $3,044.2368 over the past seven days.
Ethereum has currently fallen from its high of [unclear text].
Meanwhile, other cryptocurrencies
Bitcoin last traded at $78.989.5, according to the Investing.com Index, down 4.65% on the day.
Tether USDt traded at $0.9990, according to the Investing.com Index, up 0.00%.
Bitcoin's market capitalization is $1,598.78B or 59.35% of the total cryptocurrency capitalization, while Tether USDt's market capitalization is $185.07B or 6.87% of the total crypto market capitalization.