Ether holds onto $4000 for the time being

Yesterday the price action in Ethereum (ETHUSD) followed a similar path to that seen in Bitcoin, as was reported on here earlier today. The second largest cryptocurrency fell back from a high at around $4,370, to as low as $4,026 just ahead of the wider US market close. The subsequent rebound has seen it trade to just short of 4,200 earlier today. However, it did set in place a very minor interim double top up around 4,193 and has fallen back again since. The low print since that earlier session high has been set at 4,080 not long ago. It is trying to rebound again right now. As noted here yesterday, the important levels are at 4k and then the previously noted double bottom on the daily charts, at 3,960. The fact that 4000 has remained intact, both yesterday and so far today is a positive, but the topside is by no means guaranteed either. ETHUSD is currently trading at $4,129