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Ethereum Remains 82% Down From ATH, While Bitcoin Trades Halfway To Record

Ethereum continues to struggle with resistance at $250, much like Bitcoin fails to hold above $10,000 per BTC.

Ethereum, however, remains down 82% from the asset’s former all-time high set, while Bitcoin sits pretty at nearly a full 50% recovery. The asset set the record just as the crypto bubble began to burst in January 2018.
The price per ETH token then collapsed to as low as $80. Current prices represent an over 200% return, but another 475% would be needed to get back to the record of over $1,400.

The upcoming ETH 2.0 launch, a massive surge in the growth of decentralized finance, and general bullish sentiment surrounding the altcoin caused a powerful, nine-week-long rally to kick start the new year, but Black Thursday sent ETH prices tumbling back toward lows.