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Ether backs away from 3,450 again

15 Sep, 2021

The rebound in Ethereum (ETHUSD) since the last update here yesterday has seen the second largest cryptocurrency launch another attempt at rising above 3,450. This price point was highlighted here yesterday as being the first hurdle of any significance ahead of the 3,500 mark. Well, it did test that level earlier today when rising to as high as 34,448, but it has backed away from that level once again. That price point was the high reached when Litecoin went on its pump and dump rise towards $240 on Monday. So, Ether has rejected another attempt at breaking above this price point and if that remains unbroken for the rest of the session today, then we will have in place an interim double top on the daily charts. ETHUSD is just now trading at 3,367
 

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