Bitcoin slide sends Ether below $1,800

Yesterday afternoon an update here noted that the failure then of Ether to reclaim levels back above $1,900 put the risks of more downside very much on the radar. Well that is exactly what happened as BTC cratered below 26,500- there will be more to add on that move in a minute. So, the sharp falls there pushed Ether to below $1,800 and the move was also in a hurry. The subsequent low to around $1,780 has been recovered since then and we are back above $1,800 this morning. The price action since around 5pm GMT yesterday has been corrective and mostly sideways as the second largest coin tries to steady itself. However, and without ruling a further rebound, it will need to do better than it has so far and that remains a concern. Once again Ether will be focused very closed on BTC for direction again today. It is currently trading at $1,817.50