Onwards and upwards for Ethereum

Since the last update here on the progress of Ethereum (ETHUSD) the leading cryptocurrency has made more progress. The continuation of the price holding above the noted support level, at 350 has indeed delivered some more upside over the past 24 hours as was suggested would be the case. Today, that has seen an earlier move above 370, to around 370.50. Since then the price has drifted a little lower, but not to any degree that is conclusive to further immediate downside. As before, all the while the 350 level remains intact, then the immediate trend is for more gains. However, it is not exactly running away on the topside, so it will be important that the current momentum does not stall or else another relapse could unfold. The current chart set up is still supportive, but likely to meet interim trend line resistance ahead of 385. ETHUSD is just now trading at 367.75