Ethereum (ETHUSD) dragged lower by Bitcoin drop below 55k

Yesterday it was Ethereum and Monero that helped Bitcoin to later rebound above 57k. There can be little dispute about that fact. The rise back above $2,200 in Ether was not what had been expected here earlier in the day, where the prospect of another drop back below 2000 had been highlighted. Then again, calling every single move in this game is not something anyone can lay claim too. So, the further rebound back above 2200 did extend, as was also noted. Ether lifted to as high as 2335 ahead of the wider US market close. Earlier today, during the Asian session the price rose to as high as 2363. However, it was already tracking lower before Bitcoin fell back below 55k a short while ago. That move is still extending right now too and that has helped to push Ether back below 2250 in the past few minutes. Bitcoin is under increasing selling pressure right now, but it remains to be seen if that will deliver a move back underneath 2200 in Ether. It is currently trading at 2239