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Ether lifts off Asian session lows to set new session high

08 Dec, 2021

Yesterday the further rebound in Ether, from its Monday low was pretty impressive as the second largest cryptocurrency reclaimed levels above 4,400. The price rose to as high as 4,429 in the morning, but despite trying a few times it was not able to get above the next, noted level at 4500. The price action delivered what was an interim triple top around that 4,425 region and it later fell back into the wider US market close. That drop was extended a little further in earlier Asian trading today. The low seen was set at 4,261. However, since then it has been trying to rebound again and a short while ago it rose to a session high of 4,379.35. It is not far away from that level right now. Despite the overnight sell off, the price action and chart configuration remains supportive this side of 4,200. ETHUSD is currently trading at 4,378.50

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