Ether treading water for now

Since the earlier update here on the progress of Ethereum (ETHUSD) today, the price has been trading mostly sideways, within a range, so far covered by $4,280 to $4,360. The price backed away from an earlier high at $4376 and then fell back to as low as $4,282, but the move lower did not seriously threaten the earlier Asian low at $4,223. The immediate chart continues to evidence sideways momentum, but of course that could soon change and all the while that 21 day moving average is turning lower it does indicate that the current upswing will need to break above that will some decent extension, if this rebound is not to peter out once again. That 21 day moving average is in place right now at 4,385. ETHUSD is currently trading at 4,305