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Ether takes another dive

02 Jun, 2022

Earlier today Ethereum (ETHUSD) was trying to make some progress, reversing an earlier fall to below $1800 seen last night. That is when the second largest cryptocurrency fell to as low as 1762.92. A short while ago it was making progress, rising back towards 1,850. The sudden a rather steep fall back below 1,800 once more seemed to coincide with the news from Microsoft and the drop in the Nasdaq. That has seen Ether fall to as low as 1782.27 so far. So, it seems that the risk of a deeper fall to perhaps test that double bottom at 1705 has now returned once more today. ETHUSD is currently trading at 1796.50

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