Ethereum (ETHUSD) struggling ahead of US opening

It sure has been a rollercoaster ride for traders of Ethereum this week. The price was trading mostly sideways in between 3100 and 3600 at the time of the previous update here on Monday. It was also noted at the time; that it might have some relative merit over its leading competitor, Bitcoin. At that point Ether was trading at around 3550. The subsequent collapse to as low as 1918.75 meant that Ether shed almost 46% over the following 24 hours. The equivalent loss in Bitcoin over the same timeframe saw it drop from around 45,550, to as low as 30,016, equated to less than 34%. Hence that observation was clearly flawed, but then again trying to assess moves of that magnitude over such a short time is not something anyone can accurately predict. Now leaving that aside, the rebound for Ether since the lows has seen it rise to as high as 2995, reached yesterday afternoon. It has fallen back further again today and is under pressure right now. It is currently trading at 2660