Ether extends downside today as dollar rises and stocks drop

The negative opening outlook for the US equity markets this afternoon coupled with further dollar strength has weighed on both BTC and Ether. The latter has fallen back to as low as 1071.65 so far today. The move lower has also come after the earlier rebound stalled short of rising above its 21 day moving average. That price point has been successfully capping the topside on this one since breaking back below it at the beginning of the week. It is right now in place at 1143.90. The low seen yesterday was at 1006.18. The most immediate range would therefore still seem to be covered within those 140-150 point parameters. Ether is clearly not yet out of the woods still and much will depend on how those US equity markets and the dollar play out this afternoon