Ether has a return to $3000 in its sights

Another dynamic rebound for Ethereum (ETHUSD) yesterday saw the price rise steeply from just below $2,550, to back above $2,800 in a move that unfolded right into the 4pm London FX fix. That sharp increase took Bitcoin with it too and once again it was Ether that led the way. One just has to look at the gain for Ether versus BTC to understand that. The move above $2,800 has extended a little more today, but in real terms and by the standards of what this coin is capable of; not by much at this stage. The high so far today has been set at 2,845 and it has just now stepped back from that high as it dips below 2800 again. The longer term chart is suggesting the possibility of a further move higher, to the next Fibonacci resistance level. That is in place now at 3,049 and represents what would be a 50% retracement of the move down, from 4379 to 1719. The 38.2% retracement was surpassed when the price reclaimed 2,735. ETHUSD is just now trading at 2783