Ether falls closer to $3000

Yesterday the break below its 200 day moving average, delivered quite a move lower for Ethereum (ETHUSD). The second largest cryptocurrency slumped to as low as 3,299 once it accelerated below that price point, which was then in place at 3,402.55. It was noted here at the time to be wary of such a move, but in fact that move lower did later reverse, as the price rallied all the way back to as high as 3,460. However, and as with BTC it has not been able to hold that rebound and slumped at the start of the Asian session today. The 200 day is still rising though and in place this morning at 3,408. However, the 50 day is still falling and now very close to dropping below the 100 day, only some $3 short right now of doing that. The range seen on Ether today has so far been covered by 3,143 to 3,435. It is currently trading at 3,163