Over the course of the past hour Ethereum has sharply reversed much of its earlier fall. That drop accelerated when the price fell below 2600. That prospect was noted here earlier and the move to around 2563 was seen at the start of the European trading session. However, it did not stay down there for very long and once the rebound reclaimed that 2600 again it was the catalyst for further upside acceleration. That has seen the coin rise to 2673 right now. This resurgence is now taking the price back closer to the highs seen in Asian trading when Ether reached a new all time record high at 2717. It is currently trading at 2670, with the recent gains being characterised by some rapid and price action too