Ether rebound stalls ahead of first technical hurdle

Yesterday it was noted here; that there was potential for some further upside in Ethereum. It was also noted that resistance levels were in place higher up. The first of those was at $1,279 and so far today that June 26 high seems to have provided enough resistance to halt any further gains. Ether topped out earlier this morning at 1274.78. Of course the topside might not be finished with yet, but for now the further rebound has stalled ahead of that level. At the same time the further gains since this time yesterday have helped to push the 21 day moving average higher again. That was in place last night at 1123. It is currently in place at 1131. The fact that it is now rising is clearly supportive in the short term. The range seen so far today has been covered by that noted high and an earlier low at 1224.79. ETHUSD is currently trading at 1243.50