Ethereum unimpressed by Bitcoin attempt on 50k
Earlier this morning, as Bitcoin came perilously close to printing a trade above 50k, that did not seem to have much impact on Ethereum. The price did follow Bitcoin higher, but not by any significant degree and certainly not to a fresh all time high. Ether rose to 1825.76 which was some way below its current record set last weekend at 1874.05. This morning it has fallen back from just above 1825, to as low as 1782 a short while back. The very short term chart shows a minor double top in place now at 1825 which has clearly helped the downside. Now, that might remain a barrier, or equally it could also become a target to aim at. That remains to be seen, but what is clear so far today; is that Ether is not leading, it is being led by Bitcoin. ETHUSD is currently trading at 1797.25
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