It seems that nobody wants Ether anymore

Following on from an earlier update today, noting the fall in BTC, one major cause behind that drop has been the further sell off in Ethereum (ETHUSD). The second largest coin has continued to unravel. The move lower that started last week following its upgrade and not yet come to a halt. The fall from close to $1800 last Monday has now seen it fall to below $1300 today. The low set a short while ago was at 1286.55. That drop has also taken it below a notable support level at 1319.92. That was the 61.8% retracement target of the 880.70, to 2030.50 summer rebound. Of course this could still just be correctional to that earlier rebound, but as the current price action would attest; it is not exactly positive. The further this one falls, the greater the risk of that whole summer rebound unravelling altogether will be. ETHUSD is just now trading at 1290.25