Ether also crumbles

Following on from the previous update on the most recent price action in Bitcoin, it should be noted that at the same time, there was a similar shunt lower in Ether (ETHUSD). In fact, the slide there was even steeper which does suggest that it was Ether leading the way lower. Also I should remind readers here what was noted much earlier this morning; about the prospect of BTC forming a double top on the daily charts ahead of 30,500. Well, not only has it appeared to do that now, but also it could derail the whole most recent rebound. We shall see on that. Meantime, the drop in Ether today saw it plunge from a session high at 2,108, to as low as 1969. That is a fall of around 6.5% from the high to the low. It is currently trading at 1,992