Ethereum caught a ride on the coattails of the move above 10,500 in Bitcoin that played out over the weekend. That took the price of Ether briefly above 390 for the first time in over a week. However, in a move that more than replicated the downside reversal seen in Bitcoin over the weekend, Ether dropped back sharply yesterday and again earlier today. It fell back below the 360 support and pivot level once again. It is possible that any longs establish on the move to 390 were subsequently removed from the market as the price dropped to a session low at 353.85 yesterday afternoon. The price is rebounding again this morning, rising to session highs above 368 right now. The overall take away from the most recent price action is that Ether is struggling to make a recovery and the latest rebounds are merely corrective to the former decline that had taken the price from 489 to 311. ETHUSD is just now trading at 369.70