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Ether reclaims $2100 level

05 Apr, 2021

Bitcoin has recovered its earlier losses which saw it drop below 57k during the Asian and European sessions today. It has now recovered back above 58k (rising above 58,750 right now) and that has come as the dollar slips back further and US yields stall ahead of 1.75% in the 10 Year note. It has also come as Ether recovers back above 2,100. That rebound has taken place after the second largest cryptocurrency held that important 2000 handle earlier on. The rebound back above 2100 this afternoon does reopen the potential for another push to fresh records once again. The longer term chart dynamic continues to argue well for a potential move towards 2500 on the current upside run. ETHUSD is currently trading at 2111 and all the while that 2000 remains intact on the downside there is potential for a move higher towards that approximate target 

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