Ethereum (ETHUSD) falling back again

Yesterday the noted meltdown across the crypto sphere delivered some really sharp moves as was mentioned in earlier updates. Of course any of you active in those markets probably does not need reminding of that fact. The drop below $3500 came after an update here on the progress of Ether. That was then followed by an ever more rapid drop that saw it fall close to $3000 in the blink of an eye. In truth the price has not really recovered from that price shock yesterday and that explains the extreme trepidation so far today that is leading to more downside since earlier in the Asian session. Ether is now falling back closer and closer towards $3000 again and under the present circumstances a retest of that level cannot be ruled out. ETHUSD is just now trading at $3298