Ether back below $3000 today

The fall back in BTC and further more general risk aversion has delivered a move back below $3000 in Ethereum (ETHUSD) today. The second largest cryptocurrency has fallen to as low as 2,960 so far. Now the one reason why it may have stopped at that price point again is because at 2,955 we do have a technical level that is worth mentioning here. That is pretty much where the price stopped yesterday too, and it seems to be because this price point is the first minor Fibonacci retracement level of the latest move up. That delivered a rise, from an interim low at 1719, extending to as high as 3,338. If you remember that high was just short of an ideal wider target at 3,356. So, now if this 2,955 level is breached in a meaningful way, then it could open a move to the first significant retracement level which is in place at 2,719. This price point could indeed be a target if the downside takes a firmer grip today. ETHUSD is just now trading at 2,997