Yesterday the rebound in Ethereum (ETHUSD) did revert back for another test of the support level at 360. The price held that level nicely at the first time of asking and subsequently rebounded back above 370 again. However, the rebound above there was not sustained and the price later dropped, to trip a whole bunch of short term stops below 360 as it fell back to around 355 in early Asian trade. The subsequent rebound this morning is not at all conclusive to anything quite frankly and it is not certain exactly where the next move will lead. If the price can rebound back above 370 again, then it would merely endorse the fact that the earlier move to 355 was nothing more than stop loss driven. A more substantial rise above 377-380 is still required to open a path back towards 400 again. ETHUSD is currently trading at 366.10