Ether now making some progress so far today

Earlier today the price of both Bitcoin and Ether slipped backwards again. However, since that Asian low point both have been on the rebound this morning. Earlier Ether fell back to as low as $1,161.75. It has now lifted above $1,230 a short while ago. The move higher has come despite further yield rises, both here in Europe and in the US markets too. Now, given the recent dynamics that does not make a whole load of sense. Notwithstanding that, the gains are not exactly conclusive yet either. The next hurdle for Ether is the 21 day moving average. That is still falling fast each day and has now gotten a whole lot closer to the prevailing price. It is in place right now at 1,268. Of course it remains to be seen if this level will be tested between now and the end of the month, and if it is, what happens thereafter. ETHUSD is currently trading at 1224.50