Ether steps back from potential triple top above $1,920

On Thursday, as BTC lifted above 31k, that was the catalyst to help drive Ethereum (ETHUSD) above $1,900 for the first time since the beginning of June. The second largest coin rose to around $1,930. A subsequent drop back below 1,875 was followed by another rebound, to around 1,925 on Saturday. Another drop back below 1900 then ensued. On Sunday Ether traded back to around 1,920. The price has now fallen back to below 1,875 again today (1867 the low so far). So, in essence we now have a potential triple top in place on the daily charts above 1,920. Also to note about this price action, is that each rise has stalled at lower level. Hence, a pattern of lower highs has evolved. Now this pattern could of course be broken, but if not, it could be a warning that the recent topside momentum is slowing and that is a potential warning. ETHUSD is currently trading at 1,885.20