Ether reclaims $3000 but doubts remain

Yesterday, as noted here on the Quick News, Ethereum (ETHUSD) was at risk of a drop back below $3000 and that is exactly what played out. The second largest cryptocurrency fell to as low as $2,930 yesterday afternoon. However, and as with BTC it did not stay down there into the wider US close. It rose back to as high as $3,089. Today it has made a little further progress, reaching 3,129 so far. However, given where it was yesterday and where it is right now, that progress is not that dynamic and it has not yet risen sufficiently back above $3000 to not rule out another drop below the price point. The range seen so far today has been covered by 3,053 to 3,129 which is pretty tight by recent standards. ETHUSD is just now trading at 3,113