Bitcoin jump helps Ethereum recapture $600

Sometimes it is hard to determine exactly which cryptocurrency is leading the other, but there is little doubt that Bitcoin has been in control of all the moves today. The charge above 20k for the first time ever this afternoon is helping other leading coins to make some significant progress and none more so that Ethereum. Ether has now reclaimed levels above $600 this afternoon. That rebound takes it much closer to the most recent highs seen on December 1 when it peaked at 636.19. Since then the price had been struggling and at one point it had fallen back to as low as 530. However, it has been rebounding in recent days as it tracked Bitcoin higher again. That has now delivered a move to as high as 617.03 as this is being typed. As with Bitcoin the price is now moving rapidly and if the current pace is maintained then it might be unwise to rule out a new 2020 high for Ethereum soon.