Ethereum stalls at $3,900 just ahead of next technical resistance level

Following on from an earlier update, Ethereum (ETHUSD) did manage to set a new high on the session when it rose to 3,900.60. That high was just above the earlier Asian high at 3,896. However, it was also just short of breaching the 100 day moving average. That is now turning lower and is in place right now at 3,902.60. Hence, it looks like that level has attracted some fresh selling interest which may account for the refusal at the first time of asking a short while ago. The price is now edging back towards 3,875. It is currently trading at 3,876