Ether stalls at $1,750

On Friday Ethereum (ETHUSD) managed to rebound further, from an earlier session low at 1581. The second largest cryptocurrency shot back above 1700 and rose to as high as 1724.90. That move was covered in an update here at the time. The subsequent reaction to the better than expected US jobs report helped to stall that move and it later slipped back to as low as 1656. Undeterred, Ether rebounded once more in weekend trading, rising above that previous interim high and climbing to as high as 1749.85 very early on Saturday. However, that has been the extent of the gain so far and since then it has been unable to really threaten the 1750 level again. That might happen of course, but for the time being the price action since later on Saturday has been sideways inside a range covered by 1,670 to 1730. It is at the upper end of that range right now though, currently trading at 1726