Ethereum sold off massively yesterday, and the bleeding has continued today. We have given up the range it was struggling to hold for the latter half of May and the beginning of June. It is difficult to say how low it can go at this point, as we have smashed through several key levels and are currently in the vacuum zone between $1547 and $1424. The lack of any buying interest is seriously concerning. After this, we have $1341 and $1235. After these levels we have to zoom out and appeal to Fibonacci levels anchored from highs, which suggest a major Fibonacci level is around $1000. Just two months ago this would seem outlandish but today it is a reality.
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