Ethereum (ETHUSD) still held inside wider range

Ethereum rebounded strongly from its low point yesterday, rising from a low at 3,714, to as high as 3,891. That high came just ahead of the ISM index report. The subsequent sell off ahead of the wider US market close was quite steep though and saw it drop back to around 3,770. It is trying to rebound again today, from an earlier Asian session low at 3,768. The price is back above 3,800 now, but it has not yet broken out of the range that has been defined here for a while now. That is encompassed by the 200 day moving average (now at 3,398) and the 100 day (now at 4,046). Also, the 50 day moving average is still falling steeply and dropping ever closer to breaking below that 100 day. The 50 day is now at 4,095. The range seen so far today has been covered by 3,768 to 3,826. It is currently trading at 3,816