Ether eventually plays catch up

For much of the session yesterday, Ethereum was lagging its lead competitor, but eventually, and as noted here, the coin did make a push above $4000. The move initially stalled ahead of a noted technical resistance level. That was in place at $4,027 and had been identified here many times before. Well, eventually that level got taken out and that was the green light for some further upside acceleration. That rise has been extended upon in trading since, as the price rises to as high as $4,241 during the Asian session today. It has just backed off from those levels now, helped by a downside move in BTC. The high seen earlier today is also some way short of the record high that was reached on May 12, when it peaked at $4,379. ETHUSD is currently trading at $4,169