Ether backs off from above $1800

The rebound in Ethereum (ETHUSD) has continued to extend since the last update here on its progress. The second largest cryptocurrency lifted above the $1800 handle. The coin rose to as high 1818 yesterday afternoon. The move higher also delivered further gains for Ether versus its leading counterpart, Bitcoin. That cross has continued to rebound in favour of Ether for several days now too. The further breakout gains for Ether is still corrective in terms of its longer term price action, but it could extend further too. The next resistance level of any note is now not until 1912. However, it has backed off a bit today. The low seen so far has been set earlier at 1758.45. It is currently trading at 1770