Ether yet to reclaim $1,200

The rebound in Bitcoin noted here earlier this morning has understandably seen some corresponding gains for Ethereum (ETHUSD) too. The second largest cryptocurrency has pushed higher above $1100 since this time yesterday. It has made it past $1150 too, rising to as high as 1,167 so far today. However, the immediate price action and chart dynamic does show signs of exhaustion up there. Also, this current rebound has not yet threatened to rise above $1,200 either. As noted here a few times already this week, that level remains a hurdle that it will need to clear if there is to be further, more lasting traction. The range seen so far today has been covered by that noted high and an earlier session low at 1,120.95. ETHUSD is currently trading at 1,139