Ether takes out $3,800

Yesterday evening the downside move in Ethereum (ETHUSD) extended to below $3,800. The second largest cryptocurrency had been falling steadily all day and had shown little sign of recovering back above 4k. The low seen around 7pm GMT last night was set at 3,760. It has been back above 3,800 earlier today, but the current price action looks more sideways than it does dynamic right now and has been that way throughout the whole Asian session so far. The nearest notable support level is in place at around 3,645 should the price drop back below 3,760 from here. One thing to note too; is the 21 day moving average (now at 3993) is still falling and very soon about to drop below the 100 day (3992) and that is not a particularly good sign. The range seen so far today has been covered by 3,785 to 3,827. It is currently trading at 3,802