Ether rebound gathers yet more pace

Following on from the previous update concerning Bitcoin, the reason for gains there was in part noted as stemming from the surge in Ether in recent days. The first sign that the second largest coin was set to make progress was the rise above a previous price peak, at around $1,275. Prior to that it had already risen above its 21 day moving average and the chart configuration thereafter clearly indicated a pretty bullish basing out of the price action. So, the further rebound came over the weekend, when it surged above its 50 day moving average (now at around 1332) That surge came on Saturday and it has not looked back since, after a period of sideways price action for all of Sunday. Ether has jumped again today, rising above $1400. There is some minor resistance ahead of 1500 and thereafter at 1550. The range seen so far today has been covered by 1335.10 to 1447.17, reached a few moments ago. It is just now trading at 1435.50