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Ether defiantly holding onto $2k for now

18 May, 2022

The noted drop back in Bitcoin last night did have an impact on Ethereum (ETHUSD) too, as the second largest coin fell from an earlier high at $2,119 and towards $2,000. However, it did not crack that 2k level on the downside. The low seen was set at 2,005. A subsequent rebound earlier today saw it briefly rise above 2,100 once more. The high seen was at 2,108. Since then it has fallen back again, but it has not yet threatened the low point reached yesterday and perhaps more importantly, it has once more remained above that 2k level. The low seen so far has been set at 2,027. However, a break below 2k from here on might not rest too well with the continued attempts to re-establish the upside. ETHUSD is currently trading at 2,036
 

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