Ether still has the upper hand for the time being

Yesterday the rebound in BTC was actually all about Ethereum (ETHUSD). The second largest cryptocurrency was entirely responsible for the gain as that eventually made a break above the noted 21 day moving average. That was in place at around 4386 and had capped the topside of any gains until that point. The break above it was quite dynamic too as eventually it lifted above $4500. The move higher extended to as high as $4,506 right at the start of the Asian session today. Understandably the news from the Moderna CEO later on delivered a quite dramatic sell off, as it fell back to as low as $4,351. That drop just extended below the 21 day moving average as well. That is still falling today and is in place around 4,373, but of course it is shifting all time due to the extensive price action. Anyway, the price has now recovered some of that earlier drop and is once again trying to push higher. Naturally, there are still risks to the downside and much will depend on that overall dynamic too. ETHUSD is just now edging back a little more now, currently trading $4,410