Whats happening to ESC right now reminds me of whats been happening to a lot of alt's lately.  A person or bot pushes the price below it's normal average, collects for a little while then sets up a wall at double where they have collected at, then the pump begins.

It really makes a lot of sense.  Gives the whale a nice safety net.

This also seems to always happen after major announcements, when most people think that the price would rise, but it actually goes way down in the short term. Then corrects back up.