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Ether headed for a test of $1000 today?

30 Jun, 2022

Following on from earlier updates on the progress of BTC and Ether (more rather the lack of progress), both leading coins are now lower. Bitcoin is grinding its way closer to 19k and Ethereum (ETHUSD) has fallen below $1,050 now. The move lower in both further endorses the immediate outlook here for some while now. It also comes as risk aversion and month end jitters remain elevated. Neither coin is being granted any favours by the higher dollar either. So, where now for Ether then? Well, increasingly, and certainly as far as today is concerned, it seems possible that a test of the $1000 handle could be in store, unless there is rapid change in the current dynamics affecting the price action. ETHUSD is just now trading at $1049

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