Ether rally unravels too

Just like Bitcoin, yesterday Ethereum (ETHUSD) was making some really good progress. That rebound first took it back above the $2,500 mark and then it extended that gains to as high as 2,722 just after the Fed announced their latest policy decision. However, and exactly as with BTC the subsequent drop back saw the second largest cryptocurrency give back all those gains and more. Ether slumped back to as low as 2,405 ahead of the wider US market close last night. An earlier rebound to retest the 2,500 handle stalled just ahead of that level and it has fallen back once again. The low seen so far today has been set at 2,356. The earlier high was set at 2,496. It is trying to base out right now, but that is not at all a foregone outcome. ETHUSD is currently trading at 2,399