Ethereum (ETHUSD) rebounds back above $2300

Yesterday evening an update here noted just how far Ethereum (ETHUSD) had fallen back in weekend trading. The second biggest cryptocurrency fell to as low as $1733 (depending on which pricing venue one takes as a benchmark) that was around $750 below where it had been trading earlier in the weekend. However, since that low the rebound has continued with some pace so far today and now it has extended its recovery beyond $2000, to as high as $2323, reached a short while ago. That rebound is more than 30% above the low point seen yesterday afternoon and underlines how pinning this one down to lesser margins is sometimes an art form in itself. Leaving that aside, it is not clear if this current rebound has much more upside today. It has just rebounded one heck of a long way and could now meet with some sellers who were stranded on the way down and not forced out of the trade over the weekend. That is also not easy to determine of course, but possible all the same. The price has just backed off slightly now and is currently trading at $2286