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Ethereum (ETHUSD) drops below $1500

23 Feb, 2021

Well, it has not been long since the previous update here on Ether today and it has already dropped sharply again. It has now taken out $1500, falling to as low as $1480.85 a very short while ago. The price action is as rapid as anyone could want it to be for sure. Granted that delivers opportunity, but it also means there is much dexterity required. As pointed out many times before when commenting on this coin; hesitation can be very costly and setting stops remotely close to price action even more so. So, as noted here a little earlier on the price action has proved the vulnerability of this one right now. The price has rebounded slightly, but downside risk has not gone away yet. ETHUSD is currently trading at 1521.50

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