Ether simmering just below $4000

The second largest cryptocurrency, Ether did reach $4000 in weekend trading. The move on Saturday to such a level had been anticipated here last week and so it was of little surprise to see it eventually trade above that level. The move to just below $4000 was followed by a relapse back below 3900 on Sunday, but in real terms it has not backed off very much at all. The move back above 4000 also brings the coin in close proximity to its all time high at 4379. So, clearly that looks like it could increasingly be a target from here on. The coin has also continued to benefit from a change in its supply dynamics which makes for less of it available and so it has continued to outshine its lead competitor, Bitcoin. That is until today though, as will be outlined in an update shortly. Meantime, ETHUSD is currently simmering just below $4000, at 3930