Earlier today Ethereum tried to extend its previous break above $1,720, as it lifted towards $1,750 again. The second largest coin has just topped that level yesterday evening.

Despite looking a little unlikely both BTC and Ether managed to stage a rebound on Friday evening and that rebound extended into the weekend as BTC lifted back above 26k and Ether rose above a note

Yesterday afternoon both BTC and Ether managed to muster some support from the lower US yields, gains across the US equity complex and a fall in the dollar.

In an update here yesterday you were all warned of the downside risks and potential for a drop below $1,720 in Ethereum (ETHUSD).

Yesterday both Bitcoin and Ethereum fell back into the 4pm London FX fix as US yields and the dollar rebounded off its lows.

The slide below technical supports at around $1,820 and then at 1,800 on Ethereum (ETHUSD) was covered here late on Sunday evening and since then the second largest cryptocurrency has shown little

On Friday evening, the price action in Ethereum (ETHUSD) was similar in structure and nature to that just noted here on BTC.

Yesterday afternoon an update here noted that the failure then of Ether to reclaim levels back above $1,900 put the risks of more downside very much on the radar.

Late yesterday evening, as Bitcoin flirted with the idea of maybe making a move above 27,500 that is what allowed Ethereum (ETHUSD) to finally make it above $1900.

Yesterday the drop back to below 1850 in Ethereum (ETHUSD) was covered in an update here. The driver for that move came from the breaking news concerning the crypto exchange, Binance.