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Ether makes progress today

08 Oct, 2021

Since the last update here not that long ago, Bitcoin has just made a move above 55k and then above 56k. The high print so far has been set at 56,080. Now ahead of this move, its leading counterpart, Ethereum (ETHUSD) was already making a push higher, rising back above 3,600. That has now lifted to a session high of 3669, and in the process almost matching the high posted on September 16, when it lifted just above 3670. It has just now backed away slightly, but it is still close to session highs and a further move is clearly in its sights. At the same time though, there is also the risk of a double top being set in place if the price cannot make any further, and more substantial headway above that 3,670 level. ETHUSD is just now trading at 3,640

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