Ether (ETH) fell to $1267 on the night of Thursday, October 13. The biggest altcoin has been trading above $1300 for the past few weeks.
The September Merge fork did not help the coin, on the contrary, after the update it began to give up positions. Trading in a narrow range signals that the ether has found the bottom.
The pressure is reduced due to the reduction in the exchange balance of cryptocurrency.