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Ethereum rebounds again towards a new record

04 May, 2021

The price action in Ethereum has been no less choppy today than most days recently. Earlier today the price dropped to as low as 3187. That relapse was followed by another rebound to just above 3400, which is turn was hotly pursued by another drop to around 3280. Since then the coin has embarked on another rally which is taking it back above 3400 and closer to the all time highs reached much earlier today during the Asian session. That all time high is still at 3455, but the current rebound is certainly within striking distance of setting yet another record today. ETHUSD is just now trading at 3435.50

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