Ethereum tracks Bitcoin with Asian reversal

As noted here a short while ago, it was an Asian session of two very differing halves today for Bitcoin and it has been a very similar story for Ether too. Earlier today the price shot higher on the Asian opening, rising from around 1820, to as high as 1878.20. As with Bitcoin though, it did not stay up there for very long and the subsequent sell off was even more rapid, as the price slumped back to as low as 1759.63. There is no point in repeating the dollar dynamics that were portrayed here in the previous Bitcoin update, but the inference is no less clear for Ether too. The price has rebounded from the lows now, rising back above 1800. However, this looks corrective still and immediate short term resistance points are in place at 1819.25 and then at 1833.30. If it can recover above both those levels, then it might have a shot at reclaiming the whole upside in a more dynamic way than it has so far this morning. ETHUSD is currently trading at 1806.50