Ether higher but $4,350 still eludes

Yesterday the rebound in Ethereum (ETHUSD) stopped short of making a sustained move back above $4,350 and then it fell back to a session low of 4,168 just ahead of the 4pm London FX fix. The price has rebounded again today though, in conjunction with a similar rebound in BTC. However, and despite doing that, it has stalled ahead of that 4,350 level once again. The high seen earlier on was set at 4,335. Now even if it does make a move above this price point it still has to vault the 21 day moving average. That is in place at 4,452 this morning and it is now turning lower too. ETHUSD is currently trading at $4,294