Ethereum (ETHUSD) still consolidating

Yesterday was not such a volatile day for Ethereum (ETHUSD). Granted it had some rapid swings, but overall the price volatility was nothing like the day before. The range yesterday was covered by 1500 to 1715. So, despite slowing down it was still more than $200. That has been a sort of minimum daily range for Ether lately as noted here already a few times. The range so far today has been covered by 1556 to 1658 so that implies there is more on the table as the day unfolds. Right now the immediate momentum appears to be on the topside all the while the price holds above 1550. Obviously there is potential for an extension either side of 1550 and 1715, but the overall price action is certainly a little more sideways right now than it has been all week. There will be more to come on this one as the day unfolds. ETHUSD is currently trading at 1639.25