Ether reclaims levels above $4000

The sharp losses seen in Ethereum yesterday looked like being extended earlier today and that might still happen. However, as the European morning has unfolded the price has steadily recovered and now it is making progress back above $4000 again. The high reached yesterday was set at 4207 and it could be that this is once again a target for what seems to be a queue of undaunted buyers on any kind of meaningful dip. Of course that is not a given and this current rebound will still need to be maintained for that to unfold. The move higher in Ether is also dragging others higher with it, most notably Bitcoin, which has not lifted back above 56k. ETHUSD is just now trading at 4065.50