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Ethereum back above $2000 today

08 Apr, 2021

Yesterday Ethereum fell to as low as 1931.27. The move lower accelerated once that 2k level was breached and came as a compendium of news undermined the second largest cryptocurrency. However, slowly the price has recovered after bouncing off a series of slightly higher lows since then. The rebound today has taken the price back above $2k from an earlier session low just above $1950. The rise today is not yet conclusive and clearly there is still a risk that another relapse could unfold. The outlook is generally positive though, and what is clear; is that price dips of any note, like that seen yesterday are still attracting fresh buyers. ETHUSD is currently trading at 2017.50

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