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Ether tracks BTC lower today after stalling above $1900

05 Jun, 2023

Late yesterday evening, as Bitcoin flirted with the idea of maybe making a move above 27,500 that is what allowed Ethereum (ETHUSD) to finally make it above $1900. The second largest coin had been struggling to do that prior to that point, but it has briefly topped that level earlier in the day. However, the second attempt set in place a very short term, intraday double top just above 1900. The high seen later was set at around 1912.50. The drop back in BTC today has of course led Ether lower too. The low seen so far has been set at 1863.90. It has managed to rebound a little since then but unless back above 1900 from here, the downside is still very much in play it seems today. ETHUSD is currently trading at 1870.80

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