The price of Ether rebounded above $300 today. Currently sitting at $312, Ether is up 10% today on the USD market with over $315M exchanged in the last 24h the cryptocurrency rose to as much as $322 yesterday.Some market observers, for example, Redwood City Ventures investor Sean Walsh, stated that ether's rise was merely a natural response to the recent correction in cryptocurrencies. He said:
"The recent ether sell-off was a little drastic, so there's undoubtedly a reversion-to-mean scenario playing out here."