Ether rebounds back above $1650

Yesterday Ethereum (ETHUSD) fell to as low as 1560.50. The rebound that followed came after the European close and extended back to as high as 1677.85 ahead of the wider US markets close. Earlier today it dropped back with BTC, for another look below 1600. The low seen then was set at 1590.70. It has rebounded again since and a short while ago it rose to as high as 1663.80. It is a little below that level now. So, two things to observe most immediately. Firstly, the 21 Day moving average capped the downside again yesterday (still falling though and now at 1537.73). Secondly, the 100 Day moving average is still capping the topside (now at 1704.40). A break above 1677.85 if seen today might lead to a test of that, but at this stage that is not certain. ETHUSD is currently trading at 1654.90