Why the Price of Ether Is Volatile Today

The price of Ether (CRYPTO: ETH), the native cryptocurrency on the Ethereum blockchain, has been choppy today, getting off to a good start in the early morning before giving up those gains around noon.

The price of Ether, the second largest cryptocurrency by market capitalization, had risen nearly 2% from midnight to more than $2,162, before dropping back down to roughly $2,118 by 12:35 p.m. on Wednesday.

The broader cryptocurrency market is coming off a nice rebound this weekend in which the largest cryptocurrency, Bitcoin (CRYPTO: BTC), rose 15%.

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Source Fool.com