Ether drops back towards $1,900 ETH/BTC unwind takes hold

The price action in the lead crypto space so far today has seen both Ether and BTC fall back. Ether (ETHUSD) is clearly leading the way today as it drops back close to the $1,900 handle. That is dragging BTC lower too, but it is also leading to an unwind of the gains for Ether versus its main peer. Those gains came after the SEC filing news last week and it looks like profit taking and potentially forced exiting from that trade is behind the moves so far today. ETHUSD has dropped back after failing to seriously test the $2,000 this week and stalling at around $1,975. The low so far today has been set at around $1,905. It is currently trading at $1,910