Ether now extends rebound to above $1,900

The rebound in Ethereum (ETHUSD) that was noted here earlier this morning has now extended to above $1,900. In the process of making those further gains, Ether has now lifted above its 21 day moving average. That was in place earlier today at around 1894. The move to as high as 1,910 so far today has open the way for more upside. The fact that Ether could so easily have dropped below 1705 on Friday, but it again rejected the move has further increased the odds that this level might now have defined a major low. That is not entirely certain, but the price action is surely giving that impression. ETHUSD is currently trading at $1,905