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Ether has a very close look at $3000

11 Feb, 2022

Yesterday afternoon as the dollar balked and the US equity markets rebounded, Ethereum (ETHUSD) was able to rebound from a post CPI low at $3,089, to back above $3,250. That move followed a similar rebound in BTC. However, both later reversed that move as the dollar rebounded and those US yields rose above 2%. The drop back made much more sense than the rise that preceded it quite honestly. The further drop back in Asian trading today has seen Ether fall close to $3000 a short while ago. The range seen so far has been covered by 3,004 to 3131. So, as you can see it came perilously close to breaking back below $3000 today. Granted it has held for now, but it is not guaranteed to continue to do so as the session further unfolds. ETHUSD is just now trading at $3,062

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