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Ethereum (ETH) has experienced a volatile trading period, with its price fluctuating significantly. On April 8, ETH rose by 7%, leading some to speculate whether the worst is behind the cryptocurrency. However, by April 9, ETH had dropped by 10% in one session, contributing to a total decline of 25% over four sessions. Year-to-date, ETH is down 60%, with some analysts noting that it is nearing its initial coin offering (ICO) price. Despite the downturn, there are mixed sentiments in the market, with some claiming that ETH is 'too big to fail' and others expressing skepticism about its future performance.
