Ethereum (ETHUSD) slump continues in thin weekend trading

Whilst the most damaging news in the crypto sphere recently would appear to be focused on Bitcoin, it is actually some of the other leading coins that have suffered far more in relative terms. That especially applies to the likes of XRP, Monero and Ether. Ether was unable to reclaim levels above $3000 on Friday and later fell steeply as the China/Bitcoin news sent it below $2200 in late US trade. The price action this weekend has not been at all positive either. Ether failed many times on Saturday to rebound back above $2500. That failure, coupled with further Bitcoin weakness has seen it drop below $2000 in trading this afternoon. That drop was extended once it fell past the low point seen last week. That was at around 1918.75. The break below this price point clearly tripped stops in a move that extended to as low as $1750.78 right as this update in being written. Unsurprisingly, the price is rapid and unpredictable given the illiquid weekend conditions