Ethereum (ETHUSD) extends morning gains

The move higher in Bitcoin has of course accelerated after the news concerning Visa came across the wires a couple of hours ago. That has helped to boost Bitcoin to above 58k now today. As earlier noted, this news has also helped to lift many other leading coins too. That was covered here in an update on the progress of Monero today. Meanwhile, Ether had been lagging behind Bitcoin to a large degree, but that has now changed in recent trade. Much earlier today Ether had been trading as low as 1664. However, around 10am the price accelerated more impressively when it accelerated back above 1700. The move higher has just now extended to as high as 1774 after it rose above some moderate technical resistance, in place around 1740. However, there is some technical resistance around that 1770-1775 level that might cap the topside for a while. If if can clear above this level, then there is potential for 1800 to come back on the radar once again. Beyond 1800 lies another stiff resistance level around 1840. All the while the price continues to hold above 1740, then the topside looks like the weaker of the two. ETHUSD is just now trading at 1767.50