Ether extends gains above $3,500

Yesterday the second largest cryptocurrency, Ethereum (ETHUSD) did eventually ensure that it did not set in place a double top at around $3,450. Eventually the price rose above that level and then proceeded to take out any remaining resistance around 3,500. The break above both those levels has also delivered a further upside extension today. The price has now risen above 3,600, reaching 3,675 earlier on. It has just backed down from that high, but of course remains elevated overall and not just in dollar terms because its relative value versus BTC has also gained at the same time, despite a rebound for the lead cryptocurrency too. ETHUSD is just now trading at $3,634