Ether holding rebound gains back above 2k for the time being

The noted rebound last week in Ethereum (ETHUSD) saw it spike higher, from a low at $1,705 to back above 2,100 ahead of the European close on Friday. The near $1000 fall from the technical breakdown level, at 2,635 was one very good example of why one needs to ensure one is aware of such levels, and what might unfold if and when they are breached. So, whilst spiking back up from that low last week, the overall trend is still to the downside. However, that is not to rule out further gains in the short term too. In saying that though, the rebound to as high as 2,161 earlier today has rather unravelled since. Ether has backed off exactly $100 from that earlier high, to as low as 2,061. It is currently trading at 2,073