Ether rebound stalls above $4,350

Yesterday Etherem (ETHUSD) recovered well from an early European morning session low at $4,062. It then rose quite sharply back above $4,200 and later above $4,300. The move saw it rise to as high as $4,387 ahead of the wider US market close last night. However, and as with BTC, noted here earlier today, the price has fallen back in Asian trading today. The drop back has seen it fall to as low as $4,219 a little earlier on. It is trying to rebound again right now. Overall the technical picture seems to suggest it is once again sandwiched in between the 50 day moving average (now at 4165) and the 21 day moving average (now at 4464). As far as further upside beyond the highs seen yesterday; it still has to climb above that upper level if it is to launch another attempt at rising back towards the current all time high, at $4,799. ETHUSD is just now trading at 4,278