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Ether ignores the Bitcoin melee as it reaches new record

29 Oct, 2021

Yesterday the rebound back above $4000 in Ethereum continued as the day progressed. The rebound higher was steady and progressive. The second largest cryptocurrency rose first above 4,100 and then 4,200 and close to 4,300 ahead of the wider US market close. It completely ignored the moves in BTC and remained undeterred by the price action there. Of course that led to some major cross price action between the two lead coins as those price swings unfolded. The rise above 4,300 in early Asian trading today eventually led to a move above the noted double tops that had continued to guard the upside. Well, that was until today of course. The move above 4,372 and 4379 saw it reach a new all time record high at $4,403.93. That high was set not that long ago today, but it has backed off from there now after stalling twice just around that level.  ETHUSD is just now trading at $4,320

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