Ether backs off from a new record

Well, it was not that much of a surprise, but following the last update here on the progress of Ethereum (ETHUSD) today, the leading cryptocurrency did rise further. At that time is was trading at around $4410 and the anticipated move above the existing record high at 4459 did duly unfold. The second largest coin rose to set a new record this morning, at 4,481.90. The move higher understandably was quite rapid too. However, it has just now backed off from that new record and is currently trading at around 4,445, but overall the current chart set up would tend to indicate that there is still room more upside potential to come