Ethereum skids below $2500

Yesterday Ethereum (ETHUSD) consolidated its break above $2500 after rising to as high as 2698. Today it has gone into reverse so far. The second largest cryptocurrency is just now sliding back below 2500 in a move that has recently accelerated to below 2475. The move lower this morning follows some analyst comments, suggesting the price will fall hard below 1700 once its hard fork transition to allow greater transactions speeds has been concluded. Whether or not that outlook has any merit or accuracy is probably not the point right now, but it may have been sufficient to spook some profit taking once the price dropped back below 2500 a short while ago. The price action is pretty rapid this morning too, but that is not unusual for this one either. ETHUSD has just now hitting session lows at 2455 and it is currently trading at 2468