Ether extends downside move to below 3,250

It was noted here in a previous update; that Ether was increasingly looking like it was setting itself up for a move below $3,350. Well, that move has now taken place and the drop through that earlier interim low as delivered around another $100 downside extension as the price drops below 3,250. The move lower in Ether today is not alone as Bitcoin has suffered a similar move to the downside and now fallen close to 45k in recent trade. The move lower coincides with a deeper decline in the US equity markets as the Dow Jones and the S+P further unwind their earlier opening gains. As noted here earlier; the downside moves in BTC and ether is adding further risk for the weekend trading session unless these current losses can be reversed in a more dynamic way ahead of the wider US market close tonight. ETHUSD has actually traded to as low as 3,237 and it is currently trading at 3266