Ether rebounds to reach new session high

Since an earlier update here this morning, the price of Ethereum (ETHUSD) has lifted back above its 50 day moving average that is in place today at 3,195. The move back above this level has now seen the price extend above 3,250 and that has allowed the possibility of more in the tank to come. However, it is just worth noting; that at the same time the 100 day moving average is now crossing below the 200 day and that is not a particularly positive longer term indicator. Having said that, it might not detract from further upside in the short term, all the while the coin can hold this rebound back above that 50 day moving average. ETHUSD is currently trading at $3,252