ETHUSD nails 21 day moving average

Yesterday Ethereum followed its big brother Bitcoin. The second largest cryptocurrency reclaimed the $1700 handle after the 4pm London FX fix. The price peaked at 1721 before later giving back all those gains in a hurry towards the wider US market close. That drop off resulted in early Asian downside momentum, that took Ether back for another test of the 1650 level. However, that price point capped the downside almost to the pip. The low in Asian was set at 1650.78. Since then it has rebounded again, obviously buoyed by the corresponding gains for Bitcoin this morning. That has seen the price rise back above 1700 to test the high point seen yesterday afternoon, at 1721. The high so far today has been set at 1718.80. That high has just nailed the current 21 day moving average which is right now at 1817.82. So, if it can get above 1721, then there might be some more upside in the tank. If not, then we might now know why. However, that all remains to be seen. ETHUSD is currently trading 1717.65