Ether rebound stalls ahead of $2300 again

Yesterday as far as cryptocurrencies were concerned, it was all about Ethereum (ETHUSD) leading the rebound. The second largest coin rose to as high as $2245 ahead of the wider US market close. However, and despite making an impressive move since last weekend, of more than $500 from the low on Saturday, it did not break above an important, and previously identified level. Regular readers here will know that level is at 2300. The current range of 1700 to 2300 has been outlined here a few times so far this week. Hence, it is not exactly a surprise to see the price drop back again this morning. The low seen a little earlier on was at 2089. The price is attempting to rebound right now, but this side of 2300 any rebound will be inconclusive to the wider picture. ETHUSD is just now trading at 2123