Yesterday as expected, the further gains above 58k for Bitcoin did eventually deliver a corresponding move higher in Ether. The second largest cryptocurrency rose above $1800, to as high as 1840.25. That move absolutely nailed the important resistance level that was clearly identified here beforehand. It did subsequently drift back down into the wider US market close as did Bitcoin. The price action so far today has been generally sideways as it again waits for a lead from elsewhere. The range so far today has been covered by 1787.63 to 1826.60. The overall longer term chart dynamic remains supportive, but there is scope on the current daily bar chart for another drop back below 1800 and towards the lower end of the most recent range. If such a move really gathers pace, then it could even extend back towards the 50 day moving average that is currently in place around 1703. All the while that 1840 continues to cap the topside then that is a risk that cannot be dismissed. ETHUSD is currently trading at 1815.65