Yesterday Ethereum (ETHUSD) fought back against earlier weekend losses, that had seen the price fall to as low as 353.75. It managed to reclaim levels above 380 as Bitcoin broke back above 10,500. However, so far today it has back peddled again after earlier peaking at 382.70. It has drifted towards 370 in trading this morning. The support level of real note is at 353.15. On the topside a break above 390 again could, or rather should open a move to test a more important resistance level at 400.12. That level represents the 50% retracement point of the whole move lower, from 489.08 to 311.17.  There might also be a degree of resistance ahead of 390, offered by the 21 day moving average. That is currently at 387.90. So, essentially Ether can do whatever it likes inside that approximate 350-400 range without developing anything directionally meaningful. Overall the price action still looks rather sideways as it continues to consolidate that previous precipitous fall from 489. ETHUSD is just now trading at 374.30