Ether Price Hits 1.5-Year Low As Shorts Hit Record High

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The price of ether, the token that powers the ethereum network, fell to 19-month lows just over $80 on Friday.

Ether’s dollar-denominated exchange rate () slipped to $81.30 at 02:15 UTC – the lowest level since May 2, 2017 – according to CoinDesk’s Price Index (EPI).

As of writing, ETH is trading at $83.00, representing a 17.8 percent drop on a 24-hour basis. Just three weeks ago, it was teasing a short-term bullish reversal above $200.

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