Another record for Ethereum today
Yesterday the rebound in Ethereum (ETHUSD) from the session low at 3777 did see it reclaim levels above 4000 again as was noted here at the time. The rebound later continued around the time of the wider US market close, as it lifted back above 4100. That rebound has extended in Asian trading today, taking it past the previous record high at 4207. The acceleration above 4207 can clearly be seen on the charts. The rise to as high as 4355 was seen not that long ago and once again this new record reached today takes the coin further into uncharted territory. As before trying to plot where this can lead to is not something that can be accurately assessed here. For anyone that is interested in paying attention to this; the 14 Day RSI is currently at 91.75. It cannot physically go above 100 so readers here can see just now overbought ether is once again. As to what the market does about that is another matter. ETHUSD is currently trading at 4331
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