Ether does it again

As with Bitcoin, Ether has rebounded today, but not before it fell back below 1600 again yesterday afternoon and earlier today at the start of the Asian session today. That saw the price base out at just above 1580. That was where it stalled on the downside yesterday too, so it set up a clearly defined interim double bottom on the daily charts. That has provided the platform for the rebound today. The second largest cryptocurrency has lifted once more to test an important technical level that has continued to cap any rebounds for many days now. This has also been noted here many times too. This is the 100 day moving average and it is in place today at 1679.95, The high seen a short while ago was set at 1678.72, so you can see why it stalled there at the first time of asking today. That 100 day moving average is still falling too. It remains to be seen if this latest attempt to get through this level will be more successful that all the others that have preceded it and not been so. ETHUSD is just now trading at 1669.50