Ether holding above $1,800 for the time being

Yesterday the noted fall back in Ethereum (ETHUSD) was covered here, as the price of the second largest cryptocurrency fell below $1900. Well, subsequent to the final update here on that, Ether fell even more. The drop extended to below $1800 ahead of the wider US market close. The low seen was set at 1762.92. It did rebound into the Asian opening today, rising to as high as 1842.13. Since that rebound topped out is has mostly been holding above 1800 so far today. The earlier low was set at 1789.82. Naturally, a break below that low could easily test the US lows seen last night. Overall the move back below 1800 since yesterday has surely reopened the prospect of the double bottom, around 1705 being potentially put to the test once more. That is no certainty though, but the ease with which Ether gave back most of its recent gains has to be a concern for holders of this one. ETHUSD is currently trading at 1810.40