Bitcoin yet to recover technical drop as Ether slides

Much earlier this morning, the risks of Bitcoin falling back below a noted technical support level at 59,575 were highlighted. Now some of you would have received further notification; that the risk of that was in fact increasing. Well, needless to say, that is exactly what happened as price fell below the 21 day moving average, triggering a raft of short term stops in the process. That move was also accompanied by a corresponding drop of equal voracity in the price of Ethereum (ETHUSD). The price literally evaporated through $4100 and then $4000. Ether actually fell to as low as $3946 as Bitcoin dropped to a session low of $58,150. Both have tried to rebound since, but as far as BTC is concerned, that rebound has not yet managed to reclaim levels above its 21 day moving average. The rebound in Ether is equally fragile too, as it just now hovers around the $4000 mark