Ether riding higher on BTC today

Earlier today, as Bitcoin continued to press home its technically positive dynamic and rise close to 52k, that was enough of a move to help Ether finally make a move above 3,500. However, the move close to 3,550 was soon reversed as it then fell back towards 3,450. The simple reason for that was all about cross dynamics. You see the price of BTC over Ether rose in favour of BTC to its best levels for a while now and that undermined Ether. Of course it may continue to do so, but the move above the previously noted double top, just shy of 3,500 has opened a path higher for Ether too. It just remains for it to tread that path with more dynamic price action than has been seen so far today. The short term outlook therefore remains positive, so long as BTC and that BTC cross does not undermine it further. ETHUSD is currently trading at 3,494