Ether recovery is not that impressive

Yesterday Ethereum (ETHUSD) did lead the major cryptocurrencies lower. As noted here at the time, that was partly due to the fall back in the relative price of Ether versus BTC. That has not recovered since then either. However, Ether has rebounded since the low point seen yesterday at $2,160. It recovered to as high as $2,481 just ahead of the wider US market close last night. The price has drifted back again today, but it is still inside the range seen yesterday. The range today has been covered so far by 2,365 to 2,456. It is near the low end of that range right now and despite recovering from the lows yesterday, that rebound is not exactly impressive or conclusive yet either. There will be more to add on this as the session unfolds. Meantime ETHUSD is currently trading at $2,368