Cryptocurrencies appear to be regaining poise following last week's news from China, with the ether-US dollar exchange rate (ETH/USD) rising to a four-day high of $316.73 today.

Such a move might first appear like a rebound. The digital currency fell to a low of $291 on Friday and extended losses to $276 over the weekend on both China's formal ICO ban, as well as its rumored ban on exchange trading.

Despite the recovery, however, there are signs ether is still feeling the heat of the ICO ban.

While ether moved above $300, the bullish move lacks substance as suggested by weak volumes. All in all, the cryptocurrency is having a tough time scoring big gains above $300.

https://www.coindesk.com/ether-nurses-ico-ban-hangover-bulls-struggle-300/