Ether slammed again

Since the last update here yesterday evening, both BTC and Ether have fallen again. Ether has been leading the way once more. The second largest coin has fallen to as low as $1,303.90 so far today. Now you were all previously warned about the seriousness of that break below $1,705 and alerted as to what kind of downside move it could deliver. Some while back, it was noted here; that a break below 1700 could deliver a move towards $1,000 and so far that is exactly what it has done. However, it is trying to rebound now, but further downside under the current circumstances simply cannot be ruled out. That is because the market here is in full panic mode and liquidations have accelerated significantly in recent days. The range seen so far today has been covered by that noted low and an earlier Asian high, at 1485.15. ETHUSD is currently trading at 1,349.70