Where next for Ether?

As noted here yesterday, Ethereum (ETHUSD) fell to set a new 2022 low last weekend. The second largest cryptocurrency slumped to as low as 880.70 last Saturday. The rebound since then has seen it stall a few times ahead of 1200 so far this week. Beyond 1200, the next resistance level of any note is the June 16 high at 1256. Outside of that there is nothing much to note this side of 1477. That is the price point of the current 21 day moving average and that is falling steeply each day at the moment. At some stage it will meet up with the prevailing price action, even if the current rebound does not extend that much further. Now, despite calling the move through 1700, to 1000, there are now some doubts here as to where we go to next. I can see the merits in a further rebound from a technical perspective. However, fundamentally I am not so keen. The range seen so far today has been covered by 1089.25 to 1174.78. ETHUSD is currently trading at 1143.15