Ethereum (ETHUSD) reclaims the $1800 handle

Both Bitcoin and Ether are rebounding back further this afternoon and the moves seem to stem from a further rise in the global bond markets and in particular the European bond markets. This rise has come following the policy decision from the European Central Bank (ECB). Whilst the ECB left their interest rates unchanged, the statement regarding the increased pace of bond purchases has pushed the bond markets higher. That makes the potential cost of carry for leading cryptocurrencies cheaper too, and may explain the current move higher in both leading coins. Earlier today Ether fell back below 1800, to as low as 1727.57, but it has now reclaimed the 1800 handle. Prior to the move lower earlier today, the price stalled at 1833.20. If it does climb back above that level, then it could accelerate to fresh highs on the day. ETHUSD is just now trading at 1803.50