Ether rebounds from first test of 2500 following impressive weekend rally

Yesterday Ethereum (ETHUSD) continued its current rebound and that almost led it to a $1000 gain from the lows seen back on July 20, when it fell to around 1770. The further rebound took it to as high as 2698 yesterday. The move higher seemed to be the catalyst for the gains in Bitcoin, but the most recent Bitcoin news would tend to dispute that. However, the recent rise in Ether relative to BTC would continue to endorse further flow back in favour of Ether in a wider perspective. The range seen so far today has been set at 2,509 to 2678. The drop back to test 2,500 earlier today is now being followed by another rebound back above 2,600. The fact that Ether has held above 2500 so far today could be important, as this was a level of resistance that has been highlighted here many times in recent weeks. Ether is just now trading at 2613