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Ether higher but still holding inside the defined range

22 Dec, 2021

Yesterday, it was noted here on the quick news; that Ethereum (ETHUSD) was sandwiched in between its 100 and 21 day moving averages. Those are in place today at 3,948 (100) and 4,088 (21). The price rise to as high as 4,075 earlier today. So, the gains off the lows from this time yesterday have taken it closer to a test of that upper level. The overall price action does look supportive to more upside in the short term though. The longer term chart dynamic looks that way right now too. The gains in BTC, back above 49k this morning are also an immediate positive for Ether as well. The range seen so far today has been covered by 3,995 to that earlier 4,075 high point, provided it can hold ground above 4k from here on today. ETHUSD is currently trading at 4,059
 

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