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BTC/USD: Ethereum Prices Fall Lower Against USD
It is no news that the first month of 2017 was extremely successful for Ethereum especially when it comes to the price growth and market cap growth. But then all hell broke loose, and from January 1st to the 3rd 2017, the price of Ethereum (ETH) started to decline from a high of $18.76 on January 1st to a low of $12.15 on January 3rd.
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There is no specific reason behind Ethereum price to have decreased so quickly. The current price of Ethereum is $12.25 on the market and is trading in a $12.0-12.25 range on most global exchanges. The price on South Korean exchanges reached $13.4 which is currently sitting at a $13.8 which does indicate that there is a market inefficiency of some kind. But, at the same time, there is a lot of disagreement with Ethereum trading price based on relative values with Bitcoin. For instance, on Bitfinex (the world’s largest Bitcoin exchange) one Bitcoin is