Ether has a closer look at $1,100

Ether has just now hit a new session low at 1101.49. The move lower has come as Bitcoin drops to below 20k for the second time today. The move lower in Ethereum (ETHUSD) endorses all that was said about it here earlier this morning and the outlook has not changed. Beyond $1,100 itself, the next notable support level is the double bottom formed back on June 22 (1042.75) and June 23 (1044.30). Regular readers here might remember those levels as they were highlighted here previously, before the price subsequently lifted to above $1,275. As usual the price action today is pretty faced paced at times. ETHUSD has just now bounced somewhat, currently trading at 1108.50