Ether has a look under $1500 today

The breakout to the downside below 19,500 reported on here much earlier this morning on Bitcoin has seen a corresponding move lower unfold in Ether. The second largest coin was probing levels above $1675 this time yesterday. It has sine taken quite hit and earlier today that resulted in a drop below $1500. The low print seen was set at 1491. 25. That means it very briefly dipped below its 100 day moving average (right now at 1493.10). However, seeing as it was only a couple of bucks below there, we simply cannot declare that a breach. So, in essence the 100 day moving average has managed to cap this latest downside run for the time being. The high seen much earlier before that move was set at 1588.60. So, unless back above there from here on, the risks of a deeper move below 1493.10 have by no means been removed. ETHUSD is just now trading at 1512.60