Ethereum (ETHUSD) reclaims the uptrend so far today

If one looks at a 5 Day chart of Bitcoin and compares that to one for Ether over the same period, then one will see the immediate price action is almost identical. However, that is not at all unusual of course, but what is important to try and determine is which is leading the other. For most of last week it was Ether that was in charge of the price action. That was particularly the case as it set fresh records even as Bitcoin was edging in the other direction. Well, that is not quite so clear at the start of this week. However, as Ether rebounds back above $2400 this morning it should be remembered that it is now once again closing in on those record higher, where Bitcoin is still around 10k shy of doing the same. The record set last week for Ether was at 2644. The low since then was seen on Friday at 2108. Also worth noting that unlike Bitcoin earlier this morning; Ether did not set a fresh interim low either. So now it is within striking distance of a new all time higher this morning, it would be wise not to rule out a new record once again. ETHUSD has reached 2478.25 today and it is just now trading at 2466.50, but as usual the price action is rapid and unpredictable as the new week gets underway