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Ether drops back in early European trading

12 Jan, 2022

Yesterday Ethereum (ETHUSD) rebounded along with BTC. The second largest cryptocurrency rose from a low point at $3,053, to as high as $3,265 just after the European close. Today it tried to make some further gains, but it was not able to do so. It stalled earlier on at 3,262 and just now it fell back after potentially setting in place a double top on the daily charts just above 3,260. Now of course it is too early to say that will yet be the case, but the immediate price action has seen some downside as it falls below minor support in place at around 3,225. The move lower has seen it just now hit a session low around 3,208. ETHUSD is currently trading around 3,215

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