Ether edging up from session lows

Earlier today, as Bitcoin had another very close look at the 20k handle (low seen 19,947), Ethereum (ETHUSD) dropped below $1100. It was noted here yesterday; that Ether was facing technical resistance at $1,200. Well, it did not manage to really test that level, despite getting close, just ahead of the 4pm London FX fix. Ether topped out then at 1,191. Since then it has dropped back below 1,100 today. The low seen has been set earlier this morning at 1066. It is trying to rebound again now, but unless back above 1,200 at the very least, any rebound may not count for very much in terms of overall direction. As stated here yesterday, technically the prospect of further gains has some merit, but fundamentally, and as far as the trend is concerned, it does not. ETHUSD is currently trading at 1089