Ether still under the hammer

Yesterday the dramatic fall in Ethereum (ETHUSD) was noted here as it first slid below $1900 and then below $1800. Well, that drop extended to as low as 1736 before a really quite rapid rebound kicked in. That saw it charge back up to as high as 1903. Despite that really impressive rebound, it could not hold the gain and fell back into the wider US market close. That reversion lower has been carried forward in Asian trading today. Ether has dropped to set to set a new interim low at 1729 not long ago. The other impact of these moves, despite Bitcoin dropping too, is to send the relative price of BTC/ETH to its highest levels since October last year. The price action in Ether remains very fluid and rapid at times too. The other thing to note once again, is the proximity of that noted 1700 level, which these latest falls have again highlighted. That price point was noted here again yesterday, before the price got close to it and right now today, it is still very much on the radar. ETHUSD is currently trading at 1751