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Ether steady above mid range in early European trading

13 Apr, 2021

Yesterday Ethereum (ETHUSD) reached a new all time record when it took off in early European trading. The price shot to as high as 2199.56, but soon fell back on profit taking. The price later fell back to as low as 2102.18 just after the 4pm London FX fix. That drop was clearly leading Bitcoin as the largest coin also fell back, dropping below 60k. However, since then both have rebounded again and Ether is now above the mid point of the price range seen yesterday. The immediate price is still pivotal in between 2100 and 2200. Beyond that, the outlook remains generally positive, with the noted potential still in place for a move towards 2500 in due course. Ether has traded in a range so far covered today by 2136.70 to 2174.35. It is currently trading at 2162.85

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