Ether gives up on 4k once more

On Friday Ethereum (ETHUSD) tried to rise back above $4,200, but it could not sustain the move and later fell back into the weekend. It dropped to as low as 3,836 very early on Saturday, before rebounding once more, to back above 4,000. A good degree of sideways trading followed from there, until a push yesterday evening took it back above 4,150. It then peaked at 4,171 right at the start of the Asian session today. The subsequent fall back has been accompanied by a similar move lower in BTC, as just noted here. The low so far has been set at 3,957. Increasingly the chart configuration is not very positive, with a pattern of lower interim rebound highs and that could lead it to eventually fall below support at 3,906 unless a more robust recovery can set in. ETHUSD is currently trading at 3,989