Ether rebound holds above 3,300 in weekend trade

On Friday, the breakout above 45k in BTC helped Ethereum (ETHUSD) launch a similar, if not even more impressive rise. The second largest cryptocurrency not only rose back above $3000, it also later reclaimed the noted 3,300 level. The break above the upper bound of its noted, most recent outside range then delivered a move towards 3,500 over the weekend. The high seen since then was late yesterday evening, when it reached 3,489. Just like Bitcoin is has backed away during the Asian session today, falling to as low as 3,325. However, and as with weekend trading too, that 3,300 level has so far continued to cap any interim moves lower. All the while that remains the case, then there is potential for a move to try and reclaim levels back above 3,500. The range seen so far today has been covered by 3,325 to 3,436. ETHUSD is currently trading at 3,360