It was at that point dropped to $220 and after that to $160 per token. The following day ended up being accidental as the value rose to $175. Hopefulness and confidence in ethereum were reestablished in dealers.The crash in the price of ethereum has given rise to a panic-stricken situation in the . This is surmised that the coins have been overbought and has been sold out at such a rapid rate that it has been oversold which has stricken panic amongst the traders.
News Source: TheCoinRepublic