Ethereum (ETHUSD) trades above 1900 for the first time ever

Yesterday, even as Bitcoin took out 52k, Ether was struggling to get above 1850. It did manage that by the time of the wider US market close. However, in Asian trading today it finally made a move beyond the previous record high at 1873. The acceleration beyond that price point allowed a move to as high as 1917.65 to unfold. The price action on the short term chart is pretty similar to that seen on Bitcoin, but with less sideways movement so far today. In that sense the upside looks a little more dynamic and perhaps could extend even further than it has. That remains to be seen, but now that it has moved further into uncharted territory its hard to gauge where the next extension might end up. Obviously $2000 is a very nice round number right now, but the higher this goes the more vulnerable it will ultimately be. The long term chart shows an almost vertical rise over the past couple of months and that is surely a concern. Nevertheless, it is where it is as they say. ETHUSD is currently trading at 1904.25