Ethereum is facing a major devaluation as its value has dropped since last month. It was reached to as low as $188.31, the lowest since August 2017.
It spiked and returned the coin back to $200 range.
The major factors that led to the decline of ETH were - The introduction of a new Bitmex-ETH perpetual swap contract and the other was the ICO sell-off factor.
Currently, ETH is trading at $204. Ethereum is fundamentally a strong coin and once this tremor goes off the ETH price should see a trend reversal. It is expected to reach around $400 by end of this year. The progress of this can be seen directly on the
btc to eth exchange graph.