Ether reclaims $1800

There is certainly no shortage of opportunity for anyone trading Ethereum (ETHUSD) today. The fall from the Asian high at 1845 delivered a move to as low as 1712 earlier this morning. The fact that the second largest cryptocurrency managed to hold that all important 1700 level is surely what has helped it to rebound this afternoon. In fact, it has just now rebounded back above 1800. This rebound could of course now establish a pretty major double bottom just above 1700 going forward. However, it is probably a little premature to cast that judgement just yet. ETHUSD is now trading at 1809