Ethereum (ETHUSD) follows Bitcoin as it reclaims $400

The charge higher in Bitcoin this morning as noted in the previous headline has also helped to float the boats of many of its peers, as is often the case and today that certainly applies to Ethereum (ETHUSD). Earlier that had been struggling to get back above $400. Well, not any more as this latest move in Bitcoin to fresh 2020 highs has helped Ether lift above a level that defined the breakdown yesterday to 384. That was just shy of 402 and now the price has lifted above there, to as high as 403.25, but it will most likely need the Bitcoin rally to keep going if it is to sustain the current rebound. ETHUSD is just now trading at 401.30