Ethereum (ETHUSD) takes a hit in weekend trading

Last week Ethereum (ETHUSD) managed to make further progress when it eventually made a further move to above 475. That move was also extended slightly this weekend when the price rose to as high as 478 in the very early hours on Saturday. However, since then it has been a different story for Ether as the price falls hard today. It has dropped back through initial support around 460 and then surpassed another level of support around 450. The move below that level has almost certainly tripped stops too. The price has now fallen back more than $30 from the high seen on Saturday. It has traded to as low as 444.85 so far. It might rebound from the current level, but if it does it will face a degree of resistance at 450 and then at 460. ETHUSD is currently trading at 447.55