{"id":83292,"date":"2018-09-13T16:24:27","date_gmt":"2018-09-13T23:24:27","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=83292"},"modified":"2026-04-26T14:02:25","modified_gmt":"2026-04-26T13:02:25","slug":"ethereum-price-increases-15-percent-on-over-2-billion-in-trade-volume","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-price-increases-15-percent-on-over-2-billion-in-trade-volume\/","title":{"rendered":"Ethereum Price Increases 15 Percent on over $2 Billion In Trade Volume"},"content":{"rendered":"<p>Following a multi-month downtrend, the price of\u00a0<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">Ethereum<\/a>\u00a0is recovering from yearly lows due to a boost in trading volume in the past 24 hours. Since Wednesday, Ether prices are up 15 percent.<\/p>\n<h2>Ethereum Recovers Through Tether Trading Pair<\/h2>\n<p>In the past five days, Ethereum prices began to uptrend as total trading volume across the largest cryptocurrency exchanges nearly doubled from approximately $1 billion to $2.2 billion.<\/p>\n<figure id=\"attachment_82005\" aria-describedby=\"caption-attachment-82005\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-82005\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/ethereum-growth-end-social-300x158.jpg\" alt=\"Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/ethereum-growth-end-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/ethereum-growth-end-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/ethereum-growth-end-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/ethereum-growth-end-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-82005\" class=\"wp-caption-text\">Related:\u00a0<a title=\"Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?\" href=\"https:\/\/cryptoslate.com\/vitalik-buterin-proclaims-an-end-to-explosive-growth-as-eth-values-plummet-how-will-ethereum-recover\/\">Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?<\/a><\/figcaption><\/figure>\n<p>A large portion of the incoming trading volume came through transactions in the\u00a0ETH\/USDT trading pair\u2013indicating that most ether purchases were made with <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">Tether (USDT)<\/a>.<\/p>\n<p>Over 40 percent of today's trading action was made in Tether, while $350 million of trades came from fiat dollars.<\/p>\n<p>On Wednesday, Ethereum hit a 14-month low of $170.58 and recovered nearly 15 percent in the hours following to a valuation of $208.53. Given its recent price action, it seems Ethereum may have found a bottom or support level of $170.<\/p>\n<p>The ICO fervor of 2017 that funded several emerging projects in ERC20-compliant tokens, which are now being sold off at a rapid pace, could be a contributing factor to the increased selling pressure on Ethereum.<\/p>\n<p>It's evident that ether's gradual decline this year has decreased sentiment around the second largest cryptocurrency and other popular altcoins. Whether prices will continue to recover toward previous highs is still unknown and traders are reminded to remain cautious and invest only what they can afford to lose.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a multi-month downtrend, the price of\u00a0Ethereum\u00a0is recovering from yearly lows due to a boost in trading volume in the past 24 hours. Since Wednesday, Ether prices are up 15 percent. Ethereum Recovers Through Tether Trading Pair In the past five days, Ethereum prices began to uptrend as total trading volume across the largest cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":83306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Price Increases 15 Percent on over $2 Billion In Trade Volume<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ethereum-price-increases-15-percent-on-over-2-billion-in-trade-volume\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Price Increases 15 Percent on over $2 Billion In Trade Volume\" \/>\n<meta property=\"og:description\" content=\"Following a multi-month downtrend, the price of\u00a0Ethereum\u00a0is recovering from yearly lows due to a boost in trading volume in the past 24 hours. Since Wednesday, Ether prices are up 15 percent. Ethereum Recovers Through Tether Trading Pair In the past five days, Ethereum prices began to uptrend as total trading volume across the largest cryptocurrency [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ethereum-price-increases-15-percent-on-over-2-billion-in-trade-volume\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-13T23:24:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-26T13:02:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/09\/ethereum-skyrockets-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonathan Kim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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