Following on from the previous update, noting the modest gains seen in BTC so far today, the same can be said of it lead competitor, Ethereum (ETHUSD). The number two coin has lifted above $1600 earlier today. The price is now trapped in the middle of a range defined by its 50 and 100 day moving averages. The 100 day is currently guarding the base, at 1506.30 and the 50 day is covering the topside, at 1644.95. The range seen so far today has been covered by 1568 to 1610. It is just now trading at 1599