Ethereum Smashes through Lower Levels

Ethereum has plummeted drastically. After comments from the Jackson Hole retreat were digested, risk off assets sold off hard, in particular the crypto market. Ethereum has been holding strong lately, posting (and holding) better gains than most of the majors. We were even testing restance again in the $1700's, seemingly gearing up for another run to 2K. However we rejected these levels hard, and smashed through support at $1547 and $1424. We are currently resting on support at this level. If we fall through this one, then $1341 is the next level down, then $1235, which was a particular auspicious level last month. If we can muster a pivot, $1547 should provide resistance.