By CCN: Ethereum price(ETH) has depreciated more than 10-percent against the US dollar as the global cryptocurrency market undergoes a massive correction. The ETH-to-dollar dropped to $235.44 on Coinbase as on May 30, 2100, UTC after rallying for five weeks consecutively. The pair attempted a small pullback from its newfound intraday low, but could not extend it to cover the intraday losses. The price action, overall, appeared weak, indicating that Ethereum could continue its plunge to test new downside targets. Ahead of the correction, the Ethereum price established its year-to-date peak at $288.77 on Coinbase. However, the level experienced a huge

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