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The Ether rebound keeps going

11 Aug, 2022

Yesterday it was the reclaiming of the $1800 handle for Ethereum that highlighted the gains in the crypto space and so far today it has been the further rise there, to above $1900 now that has grabbed the limelight too. Ether has lifted to as high as 1918.45 a little earlier today. It has backed off slightly now, but overall the demand for this one has been insatiable this week. There are some stumbling blocks in the way of a return to above 2k though. Ether has already met a technical retracement objective at 1912 today. That is the 38.2% retracement of the 3,580.55 to 880.70 move. However, if this rather dynamic recovery can continue, then the 50% recovery of that drop might be next in line. That is at 2,230.60. ETHUSD is just now trading at 1887.25
 

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