Ethereum (ETHUSD) holds above $2000 again for now

The fall back in the price of Ethereum this week, from a high of 2408 on Wednesday has delivered a further fall towards 2000 earlier today. The price had managed to reject a break below that price point last Friday, when it based out at 2018. The fall back earlier this morning saw it drop to as low as 2049. However, it has spiked back up in recent trade, almost exactly replicating the price action just noted on Ripple in a previous update. The rebound today is not yet conclusive on either one though and to be honest, only a rebound back above 2400 is likely to change that. That is not to rule it out, but just to say this immediate rise may not be the start of anything that special. Naturally, 2000 is the price point that is still very much in focus as it is still a highly pivotal level in regards to the longer term direction. ETHUSD is just now trading at 2131