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Ether under pressure again as yields rise further

10 Jan, 2022

As the global bond markets face further pressure this morning, led lower by the US treasury bonds, this is having an impact on the leading cryptocurrencies. Earlier on both BTC and Ether were trying to rebound and make some progress. Ether rose to back to 3,200 once more having severely tested the $3000 level in weekend trading. Well, it is falling back a little more right now, as it feels the heat and pressure coming from those higher US yields. The price has now dropped back below $3,150 and it is close to session lows. That session low was set earlier on at 3,129. The high following that was set at exactly 3,200.  ETHUSD is just now trading at 3,143
 

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