Ether comes back under pressure today

Last week the continuation of the rebound in Ethereum (ETHUSD) above $1,200 seemed to offer the prospect of more upside as it made a sustained recovery above its 21 day moving average. However, and as noted here, it was not able to vault above a noted resistance level at 1279. The price fizzled out just ahead of that level, at around 1274. Since peaking on Thursday at that level it has been one-way traffic on the downside and now it has just pushed its way below that 21 day moving average. That is in place right now at 1,149. So, it is an almost identical scenario as just mentioned a little earlier with Bitcoin. The range seen so far today has been covered by 1143.20 to 1183.95. Ether needs to avoid as sustained move below that 1149 level if the current upswing is to be maintained. ETHUSD is just now trading at 1147