Ethereum price performance on Saturday has been nothing short of spectacular. Considering that most of the altcoin market is down fifteen to twenty percent, Ethereum’s daily close of down only 4% is a testament to its strength.
Ethereum price, like the broader cryptocurrency market, suffered a massive flash-crash during the early midnight trading on Saturday. 17% losses at one point were measured. Throughout the remainder of Saturday, buying pressure wiped out nearly all of the overnight losses.