Ether takes one step closer to the next level

The move above $48k for Bitcoin in recent trading has of course delivered a corresponding move higher for Ethereum too. The second largest cryptocurrency has reclaimed levels above $3,300 for the first time since May 19. The move higher has seen it reach $3,338 earlier today. That has also taken it one step closer to the next, and noted resistance level at 3,356. This price point was highlighted here a few times last week and is the 61.8% retracement of the whole move down, from the record high at 4,379, to the 2021 low at 1701. The low seen earlier today was set at 3,247 and Ether is currently trading approximately in the middle of the range seen so far. It is just now at 3,287