Ethereum still holding into $1,720 for now

Yesterday both Bitcoin and Ethereum fell back into the 4pm London FX fix as US yields and the dollar rebounded off its lows. There was clear correlated connection between those moves by the looks of it, but not one that is easily pinned down or ever consistent. That said, the drop on Ether saw it come close to its most recent lows again, at just above $1,720. It held that level again though and has rebounded modestly since, but by no means any amount that would seem to yet negate another test of that $1,720 level. As stated here again yesterday, all the while it cannot get back above 1800 it will remain at risk of another lurch lower. So far today $1,750 has capped the topside. ETHUSD is currently trading at $1,740.70