Ether rebounds from earlier drop below $3700

Earlier today in an update here; it was noted that Ethereum (ETHUSD) was under selling pressure after it had failed to make a move back above $4000. It was also stated that such pressure could result in a move closer to $3500 today. Well, that has not happened, but the price did fall back further following that update. The drop back saw it fall to as low as 3675, but it has rebounded again since. The move lower came as BTC also got pretty close to taking out 50k on the downside and that was as expected too, and as also envisaged; the fact that BTC fell was the catalyst for further losses in Ether. So, anyway whilst I stop patting myself on the back, the price has now rebound back above 3,750, but it is not out of the woods yet, unless BTC has another charge back above 52k from here. ETHUSD is just now trading at 3,755