Ether break below $1500 sets up test of $1400

It was noted in updates here yesterday; that a drop below $1500 in Ether could set up a deeper fall and eventually that is what has happened. The second largest cryptocurrency took a hit a little earlier today when it extended the move to as low as 1401.90. The drop back to test that 1400 handle today has taken it ever closer to its 21 day moving average. That is still rising fast and in place right now at 1,342. Such is the rate of change, that is has now crossed above the 50 day, which is in place this morning at 1,283. However, the drop back to test 1400 this morning does not seem too encouraging. The range seen so far has been covered by that low point and an earlier high at 1525.50. ETHUSD is currently trading at 1,423