Ether backs off from late US session highs

Given the rebound in Bitcoin since yesterday afternoon, it should hardly come as a surprise to see that Ethereum (ETHUSD) has enjoyed a similarly positive run too. The second largest cryptocurrency rose to as high as $4,153 late last night. The move back above 4k came at the same time as BTC took off, but as with that one, it has backed off a little today. It has dropped back to as low as 4,077 a short while ago, but has still held above its current 21 day moving average. That is in place right now at 4,059 and still falling quite steeply. All the while the price remains above that level, then the outlook is mildly positive, but by no means guaranteed at the same time. The high seen earlier today was set at 4,130. ETHUSD is currently trading at 4,087