Ethereum (ETHUSD) gives up on $400 again

The jump above $1400 for Bitcoin over the weekend allowed Ethereum (ETHUSD) to follow suit to a lesser degree. That helped Ether rise above 400 and it could have also tripped some stops above 402.50 in the process. That is not certain and cannot be confirmed here, but given the price action since, it does seem a likely outcome. Be that as it may, the price has fallen back once again as it has been unable so far to sustain a move beyond 400. The subsequent drop back today, to below 390 also owes much to a similar move lower in Bitcoin this morning. Increasingly Ether will have to make a better showing of it or the risks of a deeper move will simply not go away. The coin is struggling and that is largely because the potential wallet usage for PayPal is simply not of the same magnitude despite its dual mining capability.  It is really all about branding and acceptance, because it is not just about what PayPal will allow on the platform; it is also about what retailers are prepared to accept as payment too. ETHUSD is just now trading at 392.40