Ethereum (ETH) managed to break above the $200 level over the weekend, receiving a boost from the Bitcoin (BTC) rally above $7,500. But the achievement was short-lived, as ETH retreated rapidly on Monday, falling to $187.47.
ETH reached a peak this Saturday at $203.47, later getting close to that level with Sunday’s high at $201.88. Volumes on Saturday, when the most active rallies happened, reached above $12 billion’s equivalent in 24 hours, and above $10 billion on Sunday.
The Ethereum project remains a fixture on exchanges, with more than $1 billion’s equivalent of funds flowing in from the BTC markets. Additionally, ETH fuels the price levels for multiple altcoins.
In the past few days, the Ethereum ne...