Ethereum rising longer term trend is still intact

Ethereum (ETHUSD) has made a move higher since last Friday. The second largest cryptocurrency had fallen to as low as 3,621 very late on December 31. The weekend saw it rebound and consolidate around that noted 3,760 level before rising again yesterday afternoon to around 3,855. Looking at the longer term chart, the trend there is intact and both the 100 and 200 day moving averages are still on an upward path. However, the 50 day is still turning lower (now at 4,120). Meantime the price action is still holding inside the parameters set by the 200 day (now at 3,382) and the 100 day (now at 4,031). The range seen so far today has been covered by 3,776 to 3,840. ETHUSD is currently trading at 3,817