Ether still under pressure

Since an earlier update here this morning, the price of both BTC and Ether has remained under pressure. In fact, there has been little in the way of any kind of rebound for either. Once again it looks like Ether is leading the move lower as that is well reflected in the relative price between the two coins continuing to move in favour of BTC. Ether has just now hit a session low at just above $1,050. The reader is also reminded of an article here some while back, where it was noted; that Ether had seemingly drawn a line in the sand at just above $1000. Despite several attempts to break down below that level, Ether managed to hold and that subsequently led it back to as high as 1274 last week. Well, right now that $1000 looks to be back in the crosshairs once more and that is something to be mindful of if the coin continues to track lower and closer to that level once more