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Ether still trying to correct higher

02 Feb, 2022

Following on from an earlier update on the progress of Ethereum (ETHUSD), the second largest cryptocurrency has been trying to forge its way higher. Earlier, as reported it reached $2,805 and then turned lower again. In more recent trading it has been trying to tackle that level again, but so far with no success. The high a few moments ago was right on 2,800. The other thing to note about that 2,805 level is that is now where the 21 day moving average has fallen to. To be exact, it is precisely at 2,804.40 right at this minute, and this is making that level now stickier than perhaps it was earlier on. Naturally, a break above this price point could accelerate further as a result, but of course it has to get there first. ETHUSD is just now trading at $2,784

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