Ether avoids bear market fall

It was noted here on Friday; that Ethereum (ETHUSD) was at the time struggling to hold above $4000 as the selling pressure at that point was intense. Well, it did not manage to cling to that level and the break below $4000 delivered a move to as low as 3,918. The entry point for it to fall into a bear market had been noted here; as being at 3,892. Hence, it just managed to avoid replicating what had already happened to BTC. Well, no matter though because despite another weekend attempt on the downside the price has replicated the rebound seen in BTC today, as noted in the previous update. That rebound has seen Ether also spike higher, from a low on Sunday evening at 3,969, to above 4375 earlier today. The price has just backed off from that high (4376) reached not long ago. Interestingly that earlier high stopped just short of rising above its current 21 day moving average, which is in place right now at 4,386. ETHUSD is currently trading at 4,340