Ethereum (ETHUSD) reclaims 3k

Following on from the previous update on the immediate progress of BTC, Ether also came a little unstuck yesterday as the second largest coin fell back below $3,000. The drop back from just short of $3,300 was actually more precipitous than that seen in BTC as it fell more than 10% from the high yesterday (3290) to the low earlier today, at 2953. However, and in keeping with the moves currently seen in BTC, Ether has now reclaimed that 3k level and it trying to make further progress. In the wider sense though, all the time it does not get back above 3,356 there are question marks over the sustainability of this current recovery. At the same time the overall trend has been positive, but remaining that way is not so certain from now on. The high reached a short while ago was set at 3085 and it is currently trading at 3,071