Ether’s price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support.

It is worth noting that the $1,620 bottom represents a $196 billion market capitalization for Ether (ETH), which is higher than PetroChina’s $186 billion and not far from chipmaker AMD’s $198 billion.

The 30-day DApp activity. Source: DappRadar
Ether 2-month futures annualized premium. Source: Laevitas
Ether 30-day 25% skew. Source: Laevitas