Ether holds $1000 once more

Yesterday it was noted here on the Quick News; that Ether came very close to breaking below $1000. The low seen and reported on at the time was set at 1006.18. The subsequent rebound from there has seen it rebound back above $1100 today. The high seen so far has been set at 1125.50. That high has not yet threatened the 21 day moving average. That is in place right now at 1145 and until it is surpassed in a meaningful way, then the current rebound is no more than just that. The fact that $1000 did hold the downside again yesterday is clearly a positive though. The question from here on and ahead of the weekend; is whether the positives will continue to outweigh the negatives. It also depends ultimately on whether or not the price action is trying to tell us; that a longer term base has been put in place, or it is merely trying to hang on in order to avoid more downside. The view here on that is rather uncertain, leaving aside any general distaste for it in the first place