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Ether holds onto $1900 so far today

19 May, 2022

Since the last update here on Ethereum (ETHUSD) the second largest cryptocurrency has fallen back further below $2k and earlier today it nailed the $1900 level. That has been the exact low so far. It has rebounded from there since, but not by anything remotely noticeable or conclusive. The high since has been set at 1,969 as the European equity markets reopened. The move lower in stocks and increased risk aversion associated with that has pushed Ether back towards 1900 again. Any move much below 1900 from here on today could increase the risk of that very important 1,700 coming under threat once again. Ether is still a long way south of any nearest technical level, all of which are in place a lot further, above and beyond $2,000. ETHUSD is currently trading at 1,936
 

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