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Ethereum (ETHUSD) extends gains

17 Dec, 2020

Earlier today when Ethereum (ETHUSD) was lifting up towards $650, it was noted here; that is was probably headed higher and it might not be a good idea to stand in the way of that. Well, it can now be reported that Ethereum has made some further, not inconsiderable gains this afternoon. The price has risen to set a new 2020 high when it rose to 677 a short while ago. It has just now backed away from that high, but remains close by for the time being. The upside trend is firmly in control again today and the trend is arguing for more upside in the short term. Naturally, it will continue to track all that plays out in Bitcoin too, so it is not necessarily a one way bet higher. ETHUSD is currently trading at 675.95

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