Ether slips back a little more so far today

Yesterday the weekend rise above 2k for Ether was reversed to below 1900, as was covered here in updates at the time. The second largest coin dropped back to as low as 1874 in early US morning trade. A rebound to as high as 1929 after the European close did not last and has given way to another downside run so far today. Ether has dropped back to as low as 1857.60 a short while ago. The move lower is seemingly being driven by further unwinding of most recent buying that was based on a redenomination of the coin. There is no view on that here, but there can be little doubt that the more 125% gain from the summer low was probably due a rain check anyway. The high seen earlier today was set at 1917.80. Despite falling back further today, Ether remains above all its medium supports. It is currently trading at 1865.90