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Ether pressing higher again today

17 May, 2022

Yesterday the drop back below $2k in Ether was covered here. That fall, from as high as 2,161 saw it eventually dip to as low as 1977.25. That low came just after the 4pm London FX fix and since then it has been on the rebound again. The rise back above $2k has delivered a move to as high as 2,080 so far this morning. The wider recovery from the 1705 low seen last week does appear to have further upside potential, but to repeat; all the while below 2,635 this is still correctional, to what was a very dramatic fall from grace. Ahead of that price point, the next resistance level of note now is the 21 Day moving average. That is in place right now at 2,491. The low seen earlier today was set at 2,015.75. ETHUSD is currently trading at 2,077

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