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Jun 14 - 11:55 AM

Ether - Digesting Its Recent Drop In Risk-Off Environment

By Christopher Romano  —  Jun 14 - 09:35 AM
  • Ether traded up 1.1% in early NY, traded 3456.89-3530.58, a tight range

  • EquityESv1, yieldUS10YT=RR drop on safe-haven bid had no impact on Ether

  • EUR/JPY drop & gold rally reinforcing risk-off also didn't sink Ether

  • Ether investors likely need to digest the crypto's recent price drop

  • Consolidation completion may result in the down trend resuming, new lows

  • Breaks below the 50-DMA, April 28 daily may then take place

  • Supports near 3045/50 and 2860/65 may then be targeted by Ether bears

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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