Ether outperforms its main rival

Since the last update here on the progress of Ethereum (ETHUSD), the second largest cryptocurrency has outperformed it lead partner. Ether has held up really well and did not drop back by much even when BTC dipped below 60k at the start of the Asian session. In fact, it rebounded more impressively from a late US session low just under 4,100, that took place when BTC slipped. The subsequent rebound during later Asian trading has seen it recapture levels above 4,300 a little earlier on. It has backed away now though, from an earlier high at $4304. The take away from all this; is that the relative price between the two leading coins has rebounded significantly back in favour of Ether. It is that relative pair trading that seems to account for most of the current performance in dollar terms. The range seen so far today has been covered by $4092 to $4304. Higher up we still have that significant double top in place at 4379 and 4372. That is still guarding the topside, but should it ever be breached, then we could be looking at quite a dynamic move beyond. That remains to be seen of course. Meantime, ETHUSD is backing down a little right now, currently trading at $4,254