$1700 remains elusive for Ether in weekend trading

Since briefly crumbling below the $1,600 handle on Friday, Ethereum (ETHUSD) has rebounded, but it has been languishing below $1,700 in weekend trading. Several attempts to reclaim that price point failed and it is just now edging lower again. The collapse in the price earlier on Friday, during the start of the Asian session had seen it tumble to as low as 1,547. The current, broadly sideways price action looks more corrective to the earlier slide, than it does to more of a dynamic rebound. So, it remains to be seen; if it can fully recover, or this current price action is just a pause for breath, before another leg lower is seen. The range so far today has been covered by 1,670 to 1,690. ETHUSD is right now close to the bottom of that range, currently trading at 1,671