Ether steps back from Asian rebound

Yesterday, as expected and outlined here before it happened, Ethereum did have a look at the $1000 handle. The second largest cryptocurrency fell to as low as $997.56 just after the US stock markets reopened. It tried to rebound from there, but could not make much progress ahead of the wider US monthly close. However, it has been a different story in Asia earlier today. Ether spiked to above $1,100, reaching a high of 1,113. That was more than a 10% rise, but it has tapered off since. The next move either side of 1000-1100 could now prove decisive in the short term. That 21 day moving average is still falling rapidly and in place right now today, at 1165. Hence the earlier rebound did come close, but not close enough to deliver a breakout. The range seen so far today has been covered by 1010.25 to 1113.15. ETHUSD is just now trading around the mid point of its most recent range, currently at 1049