Ether backs off after stalling above $3,250

Yesterday Ethereum (ETHUSD) rose to its highest level of the week when it reached $3,274. However, it was unable to sustain all that gain into the wider US close where it dropped back towards $3200. Earlier today it rebounded from an Asian session low at around 3,150, to look at 3,250 once again. However, it was unable to make it past then level and topped out at 3,241 ahead of the European opening. Since then it has fallen back and then lifted again, but the overall trajectory so far today is more southbound that it is to the north. The low in Europe today has been set at 3094 and it is currently edging back towards that right now as it dips to around 3,123. As noted here again yesterday, the next hurdle on the topside still lies in wait at 3,356 and so far today there has not been much of an attempt to get there