Ethereum has tumbled more than 10% since trading began on Friday, entering the $1,387 range down more than 71% from its all-time high in November 2021.

As the second-largest crypto by market cap behind Bitcoin, Ethereum, which boasts a market cap of $168 billion, has a robust ecosystem led by its enigmatic founder Vitalik Buterin who continues to build and deploy smart contracts and blockchain infrastructure to power everything from NFTs, to cloud computing credits to zero-knowledge rollups.

Ethereum is by no means isolated from the market downturn effecting the price Bitcoin, which slid in the last 24H -10% to $19,900.