Ethereum on the rebound so far today

Yesterday evening both Bitcoin and Ethereum (ETHUSD) fell back ahead of the wider US market close. That delivered a move to as low as $1457.32 for Ether. However, it has rebounded again today in Asian trading. The price reclaimed $1500 and then $1550 a short while ago. The price is now rising to session highs as this update is being typed and fact approaching the next technical resistance level. That is the 10 day moving average which is in place right now at 1579.55 The rise back above 1500 earlier on already reclaimed ground above the more important 21 day moving average (now at 1502.05). The current rebound today is once again trying to recover the previous uptrend, but that is not yet achieved. However, it would certainly look more likely, if it can rise above the 10 day moving average, and then above 1605. If it can do both those, then the chart dynamic would certainly look a lot more favourable. ETHUSD is currently trading at 1563.30