Ether rebound runs out of gas ahead of $4,750

The rebound in Ether today took the price up from an earlier Asian session low at $4,538 to as high as $4,743 a little earlier this morning. However, the rebound seems to have petered out somewhat in recent trade, as it just now slips back to as low as $4,677. Irrespective of that the general trend higher is still very much intact and once again the most recent sell-off stopped short of breaking below the 21 day moving average. To repeat on what was said about that in previous update; that moving average has managed to cap each and every downside correction since October 1. It is in place right now today at $4,387. The low point late last night was set at $4,472 to it did not seriously threaten it then either. ETHUSD is currently trading at $4,699