Ethereum (ETHUSD) edging back as upside momentum stalls

Yesterday Ethereum (ETHUSD) reached a new interim high when it rose again above the noted technical level at 3,356. That led the price to as high as $3,379 just ahead of the 4pm London FX fix. It then later drifted backwards a little into the wider US market close. Another attempt at the highs ensued earlier today during the Asian session, but that stalled at 3359 and the price dropped back to a session low at 3,283. The second attempt at new highs earlier today, as the European markets reopened also stalled just above $3,350 and now it is edging back towards $3,300 again. The price action in the past few minutes has seen it test that level twice in recent trade, so there appears to be some support around there for the time being. So, $3,300 could remain a barrier to further downside or it could yet become a technical target to break below. That remains to be seen as the afternoon plays out and the US markets return to the fray. ETHUSD is just now trying to lift further above this price point, currently trading at 3317