Ethereum (ETHUSD) holds above 1700 so far today

Yesterday was another unpredictable day when it came to the price action in Ethereum. Earlier in the morning the price did rise above 1825, but only to as high at 1838.90. So whilst not exactly a false upside break it was not one that delivered any meaningful extension and what followed next was a completely different story as the leading coin when into reverse, gathering pace the lower it went. That eventually led to a sharp drop towards 1700. That fall was then later extended to as low as 1680.88. The rebound from that low later took it back towards 1750 ahead of the wider US close. Today it has fallen back from an earlier Asian high at 1759.33, to as low as 1706.18, where it rebounded again. However, and so far it has not recovered back above the earlier session high and is currently trading in the middle of that Asian range. It needs to make another recovery back above 1800 or the clear signs of exhaustion above that level could lead to a deeper correction today. ETHUSD is currently trading at 1731.40