Ether evaporates close to $4000

Following on from the previous update on price of Bitcoin, that has now fallen further and dropped below 55k. That further loss comes even as the European stock markets try to stabilise at lower levels. Of course that may only be a transitory state of affairs, to borrow a much misused phrase. Nonetheless, the cryptocurrency vista is not improving. In fact, it has deteriorated further in recent trading and the price of Ethereum (ETHUSD) is a perfect testament to that fact. It has now fallen close to the $4000 mark and that means it is now approaching levels that are close to delivering a 20% fall from its current all time high. That is in place at 4,865 and the price is now falling very close to breaking below $4000. It has held there for the time being, but the risks of it doing that are barely diminished at this stage. ETHUSD is rebounding slightly but the price action is incredibly rapid right now, currently trading at 4090