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Ethereum price has for the first time since February 5, dropped under the critical $200 level. The losses have clouded the crypto market since the weekend session. A minor recovery in the Asian session on Monday failed to see the light of the day as sellers stamped their fit to assert their position to the already intimidated buyers. ETH/USD is trading at $199 at the time of writing after losing 0.31% of its value on the day and 13.36% in the last 24 hours.