Ether fails to hold technical breakout

Yesterday, and as noted in the previous update on BTC, Ethereum (ETHUSD) clearly led both major coins higher. That is well demonstrated by the gains for Ether in the pricing between the two. That allowed a technical break to the upside, as Ether eventually rose above its 21 day moving average for the first time since November 16. The price lifted to as high as 4,559, which was some way above that 21 day moving average, which was in place yesterday at 4,452. However, that moving average has now shifted and is in place today at 4,460. The attempt to rise even higher earlier today stalled at 4,555, so it did not surpass the high set yesterday. It has now fallen back to as low as 4,397 a short while ago. That means it is now trading back underneath its 21 day moving average once again. ETHUSD is currently trading at 4,417