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Ethereum (ETHUSD) reclaims 13k again

28 Jan, 2021

Well, the rollercoaster for Ethereum (ETHUSD) is certainly not showing any signs of slowing down today. Yesterday the second largest cryptocurrency traded in a range covered by $1208 to $1375. Today so far the range has been defined by $1220 to 1326. The price action is not quite so frenetic as earlier in recent days when it was trading a daily range in excess of $200. Having said that the day is yet young so the current almost $120 range has plenty of time to extend. The further rise above $1300 this afternoon has clear sparked some fresh buyers as it accelerates to just above $1320. Earlier on this morning the price reached 1326.70 before falling back to around 1265. The second rebound this afternoon could accelerate a little more if the earlier high at 1326.70 is surpassed. ETHUSD is just now trading at 1321.20

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