Ether makes it back above $4,400 today

The further rebound in risk sentiment today has delivered some hefty gains across a number of risk based markets. The rebound back above 51k that was earlier noted here has not left many of its competitors behind either. That especially applies to Ethereum (ETHUSD). Yesterday it was noted here; that Ether was at risk of another drop below $4000. Well, that is what played out as the price dropped back to as low as $3,925 around 10am GMT. However, that was the extent of it and the rebound since has been quite impressive. Ether has just now extended that gain to back above 4,400 in recent trade and the immediate chart dynamic does look supportive still. At the same time the coin is still someway south of that 4,750 level. Ahead of that we have levels at 4500 and 4600 to also contend with first. It is worth remembering that the price has already gained more than 25% from its weekend low. ETHUSD is currently trading at $4,392