The price of Ethereum (ETHUSD) has steadied today and is currently trying to make some headway. Understandably that slight rebound, from an earlier low near 325 is being assisted by modest gains for Bitcoin so far this morning. However, in neither case are the gains conclusive. Recently Ether has traded to as low as 308.75 last weekend. That dramatic slump was followed by a rebound back to test 360 on Sunday. However, and as previously noted here, that level has provided strong resistance ever since. In fact, the high yesterday again fell short of that level and has done so far today. So, unless there is a rebound back above 357 today, then the immediate dynamic on the daily chart suggests a series of lower daily highs. That could be pointing the market lower again, and if so it is still to early to say that the move to 308.75 has yet capped the downside. Only a rise back above 360 from here would tend to indicate that it might have done so. The range so far today has been covered by 325 to 343. ETHUSD is just now trading at 340.20