Ether takes on step closer to retest of $3000

Following on from a much earlier update on Ethereum (ETHUSD) and the previous update on the fall in BTC, Ether has now fallen below the noted support level. That was the 50 day moving average and had earlier on prevented a deeper move lower. Well, it has now been taken out and the drop below 3,052 has now extended to as low as 3,015. Naturally, 3k is a big level and could yet cap this downside run. At the same time there is the obvious risk; that there are stops in place below it too. ETHUSD is just now trading at 3,031