Ethereum (ETHUSD) yet to reclaim $400

Yesterday the drop in Bitcoin and mounting risk aversion did force a continuation of the move lower in Ether. The breakdown below a minor double bottom in place around 402 sent the price lower as stops were tripped and system buyers were encouraged to enter short positions. That eventually led Ether to as low as 382.75. It has rebounded slightly in overnight trading and so far today, but not matched the rebound seen in Bitcoin as that lifts back above 13,150 just now. Ether has yet to reclaim the 400 handle and the previous interim support level at 402 may yet provide resistance to further upside. Notwithstanding that potential the price is yet to get above 400 anyway, but it might if the current rebound in Bitcoin continues. The move lower yesterday has probably knocked the confidence of some would be buyers too. ETHUSD is just now trading at 394.75