Ethereum (ETHUSD) gets another helping hand from Bitcoin

Earlier today it was noted here that Ethereum (ETHUSD) might accelerate to the upside if it could rise above 353. It was also noted that it would probably require a move above 11k in Bitcoin to deliver it. Well, that is what has just recently happened on both counts.The break above 353 led to an immediate extension to as high as 362 as Ether finally made a move back above 360. There is little doubt here that the move higher was entirely facilitated by Bitcoin and has that has stalled for the time being it should come as no surprise to see Ether drift back below 360 again. However, so long as it can remain above 350 then further upside is surely possible in the short term. ETHUSD is just now trading at 359.50