ETHUSD slides again after failing to reclaim $1900

Yesterday the drop back to below 1850 in Ethereum (ETHUSD) was covered in an update here. The driver for that move came from the breaking news concerning the crypto exchange, Binance. Well, as with BTC, Ether did recover that move and the rebound that followed earlier today saw it rise to as high as 1888.95. However, and as with BTC it has fallen back again since and now dropped to below the lows seen yesterday afternoon. The low so far today has been set at 1841.05. It has bounced a bit from there now, but it is not exactly a convincing rebound at this stage. Hence, downside risks look like they still remain. ETHUSD is currently trading at 1855.80