Ether presses a little more above $3000

Yesterday Ethereum (ETHUSD) did recover an earlier Asian session drop to just below 2,800 and later it pushed back above $3000 again as the European markets entered the fray. The price action from then on into the US monthly close was mostly sideways in between 2950 and 3050, but today it has made a move higher. That move is not conclusive at this stage and of course it has also benefitted from corresponding gain in BTC this morning too. It is also still well inside the noted upper bound of the outlined range, at around 3,300. Nonetheless, it has made some further progress today and the move out of the sideways price action of yesterday is mildly bullish at the moment. The breakout from that has now taken the price above 3100 and if this is continued, it could easily lead to a test of that upper bound from here on. ETHUSD is just now trading at 3,110