Ether sees some early morning sellers

Yesterday, the drop back below $1,200 in Ethereum (ETHUSD), saw it fall close to $1,150 by the time of the wider US market close. Earlier today it dropped below 1,140, before subsequently rebounding back to as high as 1,166. However, it has literally just now fallen to set a new session low at 1,131. The failure to climb back above its 21 day moving average again yesterday was noted here and that is still falling steeply. It is currently in place this morning at 1,233. The risks of more downside again today remain live and only a sustained move back above that higher level is likely to alleviate that. ETHUSD is currently trading at 1,133