Following a previous update here yesterday on Ethereum (ETHUSD), the coin did eventually make some further progress above 390, reaching 394 late yesterday evening. However, and so far that has been the top of the shop during the Asian session and so this morning too. Ether drifted back to around 382 ahead of the European opening today. Since then it has been edging back up again and is now trying to rebound back above 387. The current chart configuration suggests that it might have another look on the topside and perhaps retest that most recent highs. If that level, at 394 can be surpassed then it will face a sterner test of the $400 handle. That has been capping the topside for a while now and is the clearly defined upper end of the most recent 350-400 range Beyond that though the overall picture is still corrective to the fall from 489 to 311. ETHUSD is just now trading at 386.95