Ethereum (ETHUSD) slips towards $1500 in late European trade

Perhaps it was the inability to reclaim levels above $1600 today that has caused the drop back in Ethereum this afternoon or possibly something similar in Bitcoin leading it lower, but either way it has turned lower after any upside momentum clearly stalled. The price has now dropped back below the earlier low points at around 1530. That has led to some slight extension to the downside, but not yet below $1500. Of course that could still play out and the short term chart dynamic does point to it happening right now. The price is not very close to break below $1500 and the speed at which this one can move means it might be already there before this update it read. ETHUSD is currently trading at 1505.20