Ether recovers double dip below $3,000

It is surely not much of a surprise to report that the most recent price action in Ethereum (ETHUSD) has been remarkably similar to that which has played out in Bitcoin. Ether was under a degree of selling pressure all day yesterday and eventually that resulted in a drop bac below $3000. Just as with BTC, that low came towards the end of the US session and was followed by another dip early in Asian trading today. However, it too has formed a nice interim double bottom platform that allowed a further rebound to unfold this morning. The range seen so far today has been covered by 2,988 to 3,155. As with BTC all the while that 2,988 remains intact the market is prone to further progress. ETHUSD is just now trading at 3,150