Yesterday it was mentioned here on the quick news; that Ethereum (ETHUSD) was in danger of dropping below support around 333 and that could see an extension to the downside. In the event that did not happen and the price held up around 335. The subsequent rise above 10,800 was all that was needed to allow Ether to stage a rebound, and that is precisely what happened. The price lifted back above 340 and then took out 350 as it probably tripped a few stops above both mentioned levels. However, the rise did not really establish itself above 350 and the rebound so far has not been sustained. That might happen of course, but it is likely to require a move above 11k in Bitcoin to really deliver, unless there is some fresh news that is unique to Ether. Overall though, the current chart configuration is now quite supportive in the short term, and a break above 353 could do the trick in respect of delivering some more dynamic traction. ETHUSD is just now trading at 349.75