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Now ether back tracks below $,2600

03 Feb, 2022

Both Ethereum (ETHUSD) and Bitcoin have just now faced some more downside pressure. Ether has dropped back below $2,600 a short while ago as BTC edges closer to the 36k handle. These moves are further unravelling the hitherto corrective rallies that have been unfolding in recent days. Now beforehand, both the moves lower this year in these coins coincided with a corresponding drop back in the equity and risk markets as US yields in particular started to rise. Well, the drop back today is not being accompanied yet by the same. Perhaps BTC and Ether are ahead of the game in that respect? We shall just have wait and see on that. The low print on Ether a short while ago was set at $2,585. It is currently trading at $2,593

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