Ether closing in on $2300 again

Yesterday the continued failure of Ethereum to recapture levels above $2500 was noted here on the quick news, as was the prospect of further downside in both of the updates that were sent out. So, perhaps it was no surprise to see the price fall further subsequent to those reports. Ether dropped back very close to $2300 after the European close, as a further drop back in Bitcoin left it little choice but to head lower. A rebound did unfold earlier today, but that rebound stalled short of reclaiming the 2400 handle and since then it has drifted lower again. It has fallen closer to 2300 this morning, but so far that level has remained intact. The range so far today has been covered by 2306 to 2376. So, there still appears to be some buying interest in place around that 2300 level, but keep an eye on Bitcoin because if that dips below 37k, then it could be all that is required to send Ether thorough that level, assuming there is no snap back in the relative price between the two in favour of Ether and at the expense of BTC. ETHUSD is just now trading at $2320