Ether runs out of steam for the time being

The earlier noted, and dynamic rebound in Ether since the weekend has rather run out of steam since earlier today, when the price reached $2,014.22. That is not surprising really seeing as the price lifted more than $300 since the low point set last Saturday. That is a more than 17.5% increase, and so it makes sense for some profit taking to kick in today, no matter what else might be driving the price action. The second largest cryptocurrency has fallen back to as low as $1,957 a little earlier, but so far it has not threatened the earlier Asian low, which is in place at 1947.52. That might still happen though and if it does, then it might extend further below that level. That is not to advocate such a move, merely to point to its potential if seen. ETHUSD is currently trading at 1959.65