Ethereum (ETHUSD) dragged higher by Bitcoin record

Earlier today Ethereum (ETHUSD) was languishing below $1750 even as Bitcoin was rebounding back above 50k. It was clearly not of a mood to make further progress. However, as Bitcoin rose further, to fresh record highs above 51k, that has left Ether with little choice but to follow. There can be no doubt that Bitcoin is in charge of where Ether trades today. That might change, but for now Ether is clearly playing second fiddle. Notwithstanding that fact, Ether has now reclaimed levels above $1800 this morning. However, there is still resistance in place around 1825, and then more just above 1835, but if it can get past those levels, then it could possibly make a move to test the recent highs above 1873. The problem is; that unless the current dynamic with Bitcoin is reversed, it looks like it is going to need even more upside from that one to deliver the move. Having said that; the way Bitcoin is currently trading that might easily happen. ETHUSD is currently trading at 1806.25