Etherum holds 1800-1850 range for the time being

Late yesterday evening as Bitcoin extended its upside move above 57k, Ether lifted back above $1800 having earlier not really threatened for much of the day to take out $1700. The rebound eventually took the price back above 1825, to as high as 1840 around the time of the wider US market close. Earlier today, even as Bitcoin lifted close to 60k, Ether could not seem to make much further progress and fell back towards 1800 after not recapturing levels above 1850. So, the immediate range for the time being looks camped inside that those 1800-1850 parameters, until there is a catalyst from elsewhere. It is clearly waiting Bitcoin to deliver a more conclusive move. Ether is not leading matters right now and is continuing to follow. That might change in due course but for now it remains Bitcoin dependent for its next directional shift. ETHUSD is currently trading at 1815.50