The charge in Ethereum continues

Yesterday it was noted here that Ethereum (ETHUSD) was set to rise further, with an immediate move to above 1600 on the horizon. Well, eventually that move did unfold yesterday. In fact, it went further than that and rose steadily after the 4pm London FX fix was out of the way. The price lifted close to 1650 ahead of the wider US market close last night. That momentum was immediately carried forward into the start of the Asian session today. The price lifted to just short of 1700. It reached 1696.80 a little earlier today. It has backed off slightly since, but remains elevated overall. It was noted here yesterday; that trying to plot an upside target now was not easy as the price was into uncharted territory. Well, that task is no easier today quite honestly. However, a further dynamic extension cannot be ruled out, given the nature of the existing chart dynamic. ETHUSD is currently trading at 1680.25