Ethereum (ETHUSD) rebounds from Asian low

Yesterday, as noted Ethereum set a new all time record high when the price reached 2799. The subsequent drop back saw it fall into the wider US market close. It was noted here just after that new record was set; that the coin had probably done enough on the day and drop back was more likely than not. Well, that is how it played out from there and that led the price to as low as 2699 in late US/early Asian trading today. That almost exact $100 drop is quite characteristic of Ether in recent days. So, since falling back the price is on the rebound again as head of the wider European market opening today. Ether has just lifted to around 2770, but it seems to meeting some selling interest just above there for the time being. In the very short term, a drop back below 2730 from here could extend the downside, whereas a move above 2775 might open the current all time highs to further inspection once again. ETHUSD is currently trading at 2769