No joy yet for Ether

Yesterday Ethereum (ETHUSD) did manage to eventually make it back to $2,500. However, the rise to as high as $2,520 was not sustained and it fell back with the US equity markets and risk dynamics. That led the price back down to as low as $2,320 ahead of the wider US market close. The subsequent rebound earlier today saw it stall short of that $,2500 level, peaking at around $2,475 ahead of the European opening this morning. Since that opening it has fallen back once more and has now dipped below $2,400. The low seen a little earlier this morning was set at $2,380. So, it is clearly still struggling for any lasting traction so far this week. To be honest here this one is not in a great place right now and only a sustained rebound back above $2,725 is likely to diminish the risks of a deeper fall that could easily see $2000 reached, if a rebound does not soon materialise. ETHUSD is just now trading at $2,398