Ether rebounds after coming close again

On Friday, when the price was above $1,800 readers here were warned that Ethereum (ETHUSD) might not be out of the woods yet. Well, following that update, the second largest cryptocurrency did fall down again. In fact, the drop, to as low as $1,736 nearly threatened that all important and noted double bottom at 1,705 once more. In the event that level held firm yet again and a modest upward path over the weekend has given way to a more dynamic rise today. Ether has charged above 1800 and closer to 1900 a short while ago. The high seen so far has just been set at 1882.10. The low seen earlier was set at 1801.50. However, the move higher today has stopped short of rising above its 21 day moving average. That is still falling and in place right now at 1894.70. So, Ether has avoided the prospect of a deeper fall below 1700 once more. It is currently trading at 1881.50