Ethereum (ETHUSD) trying to base out ahead of $350

The rebound for Ethereum (ETHUSD) took the price further beyond $350 last weekend. The coin reached a high of around $368 on Sunday, but could not hold all that upside yesterday and spent most of the session drifting back towards 350 in what was rather lacklustre session for Ether. The range was more than covered by just $15 which is certainly tight by recent standards. So, far today it has been a similar story too, with just $9 covering the action. The lack of volatility and price elasticity is not unique to Ether because it is a very same story for the likes of Bitcoin too. The current price looks to be trying to consolidate recent gains above $350 before launching another attempt at reclaiming levels above $400 again. However, the series of lower highs on the wider chart is not encouraging and there is a risk that the downside trend might continue. The first alarm bell on that might be anther drop back below 350 from here. ETHUSD is just now trading at $355.25