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This past few days, we saw a market breakdown in all major cryptocurrencies and recorded an all-time low of this year, 2018. One of the most affected is Ether, that hit a value of $189 last September 9.
In a 7-day range, from September 4 to September 11(now), we've seen $290 as the highest and $189 as the lowest and that's roughly negative 34%. This kind of event is somehow a panic-magnet that pushes everyone whose holding an Ether or more to dump and exchange in a much stable altcoin and to cut-off losses.