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Ethereum lower this morning

12 Feb, 2021

Yesterday was another rollercoaster day for Ethereum (ETHUSD). As noted here in the morning, the price held solidly above 1700 and that set up another rebound that eventually took the price all the way back to above 1800 again. The high reached on that run was set at 1818.54. It then fell back again, towards 1760 by the time of the wider US market close. Today it did earlier lift above 1800 again, rising to as high as 1806.80, but so far that rebound has not held and it has slipped back to as low as 1741.50 a short while ago. It has rebounded slightly from there right now, as it lifts back above 1760. It is likely to be another unpredictable day again ahead of the weekend. The immediate pressure points for potential further price extension would appear to reside right now either side of 1680 and 1850. It would be great to be able to fine tune that to something tighter, but with this coin that is simply not possible at the moment. ETHUSD is currently trading at 1762.50

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