Ethereum (ETHUSD) reclaims the $1800 handle again

Yesterday afternoon it was noted here in the Quick News; that Ethereum was trying to set a short term bearish formation that would only be confirmed if it broke down below 1718-1720. Well, that did not happen. It was also noted that if the price lifted back above 1760 then that potential would be negated and that is exactly what happened. Ethereum recovered its earlier session losses, to the 1718 low, and rose into the wider US market close last night. Earlier today it extended that rebound to as high as 1826.24 which was literally just a couple dollars above the high seen yesterday. It then reversed lower again, to as low as 1770. Perhaps notable too; that it held above 1760 on that sell off. The subsequent rebound has again stalled at around 1825. Now that does offer the prospect of a triple top being set in place here. It is surely too early to confirm that given just how quickly this baby can move, but it is something to be mindful off all the same. As to whether or not the price really extends beyond 1825 now remains to be seen, but if nothing else the price action of the past 24 hours is clear evidence that there is, or has been decent selling interest at this level. ETHUSD is currently trading at 1807.20