Ethereum (ETHUSD) trips stops below $2500 support

It was noted here yesterday; that Ether had managed to hold well above the noted support level at $2500 even as Bitcoin faced further selling pressure. Well, following a further drop below 34,800 in Bitcoin, Ether has not been able to hold that support. Earlier this morning the price fell below 2500 and the price action through that price point was very rapid, which suggests that stops were tripped as Ether fell to as low as 2431.20 very rapidly. It has managed to rebound again since, but so far that 2500 level has proved to be rather sticky. Of course a sustained rebound back above 2500 could steady the ship, but it will probably need a more robust recovery in Bitcoin to facilitate that. Clearly that is by no means a certain outcome and if anything the opposite probably applies. Ether is just now trading at 2496.50