Ether clings to technical support level

The drop back in the leading cryptocurrencies this afternoon has led to further downside for Bitcoin since the last update on it here a little earlier. It has fallen to as low as 57,731 so far. The move lower there was of course accompanied by a corresponding drop back in the price of Ethereum (ETHUSD). That fell to as low as $4052.93 a short while ago. That low was just above the previously noted 50 day moving average that has been guarding the downside against further losses. That is in place today at 4050.76 and so it has remained unbroken for the time being. That is not to rule out another test of this price point though and if it is breached, then that could deliver some more downside if stops are in place below it. ETHUSD is currently trading at 4065