Ether rejects first attempt to reclaim 200 day moving average

Earlier today Ethereum (ETHUSD) built on the gains it notched up yesterday when it lifted back above $2000 for the first time this week. The second largest cryptocurrency rose to as high as 2047 before later drifting back below 2000 again just as the wider US markets drew to a close. The further rebound today earlier took the price to as high as 2095. It has backed down from there now and is just falling back below 2060 as this update is being written. The move to 2095 did briefly breach the 200 day moving average that is in place now today at 2090. Incidentally that is still on the rise too. However, the move to 2095 is not conclusive by any means and could have been delivered by stops in place just above the 2090 level. If Ether can make a more sustained move above 2090 today, then that might set it up well for the weekend. Perhaps, and for a change, that period might also deliver a more positive outcome too. We shall see as the day unfolds how this might pan out. ETHUSD has just now fallen a little further, currently trading at 2055