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Bitcoin on the drift as Ether gives up on 2k again

08 Apr, 2021

The price of Ethereum (ETHUSD) has just now fallen back below $2000. It was a struggle earlier for it hold above that level and the move lower there is not exactly conclusive to much either, but it has helped to push Bitcoin down to European session lows right now. The lead cryptocurrency has just tested 56,500 after it earlier failed to rebound above 57,500. The move lower is not of any particular consequence though and in order to become so it will have to take out the lows seen yesterday, at just above 55,500. In fact, the current move lower looks like it is merely corrective to the rebound sequence that has played out since yesterday evening. Bitcoin is currently trading at 56,750

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