Ether extends gains in Asian trading

Yesterday evening, the surging US stock markets and weakening dollar helped both BTC and Ether to rebound. The rebound in Ether was particularly impressive too. The second largest cryptocurrency had fallen close to its noted 21 day moving average earlier in the session, when it hit a low at 1367.45. The rebound that followed last night saw it charge back above 1600. That rise was extended earlier today when the price reached as high as 1676.10. That high represents a gain of more than 20% above the low seen yesterday. That gain has caused the 21 day moving average to now rise above 1380. Meanwhile, the 100 day moving average is still capping the topside and still falling. That is in place right now at 1782. Despite the big gains notched up last night, the overall price action still remains trapped inside that and the 50 day lower down. ETHUSD is currently trading at 1643