Ether rebounds from weekend drop below $3500

On Friday afternoon, just ahead of the US jobs report Ethereum (ETHUSD) was trying to push higher and it had, just like BTC set a new high on the session, when it rose to $4658. However, it replicated the downside move just noted in BTC as the price fell back into the wider US weekly close. Ether dropped back to as low as $4,047 on Friday evening. However, as with BTC, the price evaporated to as low as $3,482 in the early hours of Saturday morning. The rebound today has taken the price up to as high as $4,255 a short while ago. So, in relative terms it has rebounded better than BTC so far today. That is in respect of recovering a greater percentage of the losses seen since Friday afternoon, right now by more than 61.8%. It is currently trading at $4,224