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Ether trading sideways after rebound yesterday

25 Feb, 2022

Yesterday it was not just Bitcoin that rebounded from its earlier session lows. Its number two counterpart also made an identical move. In fact, if you overlay one chart of the price action over the other you will see the price action was indeed identical, although entirely different in numerical terms. Ethereum (ETHUSD) had fallen to as low as 2,301 where it set in place a minor double bottom at that price. The subsequent recovery saw it spike above 2,700 ahead of the wider US market close. The high set was at 2,735. It has fallen back since and traded mostly sideways so far today. The range thus far has been covered by 2,546 to 2,650. It is just now trading at 2,612

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