Ethereum (ETH) remains caught in a downward trend, with several short-term and longer-term factors depressing the price. ETH touched lows of $180.60 on September 11 and continued to slide closer to $170. As of 9:00 UTC on Wednesday, the asset traded at $171.73.
Because of incomplete statistics, not all exchanges are factored into the data for Ethereum trading. However, there are indications that trading on Bitmex contributes to tanking ETH through short positions. Coinmarketcap does not currently reflect Bitmex statistics, but CryptoCompare shows that more than 16% of ETH trading happens on “Other” exchanges.
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