Ethereum Price Plunges to Two-Month Low as Market Turns Sour

The cryptocurrency markets took a bearish turn on Wednesday, as 98 of the top 100 cryptocurrencies experienced price decreases. The ethereum (ETH) price was not immune to this movement, and it has pulled back to a 2 month low.

Ethereum (ETH) Price Plunges to 2 Month Low

The etheruem (ETH) price was expected to increase leading up to the release of Metropolis, its latest protocol upgrade. The first phase of this upgrade is set to take place in latter September, so there was speculation that the ethereum (ETH) price would challenge its all time high if the markets continued their uptrend or at least remained stable.