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Jan 31 - 01:55 PM

Ether - , Dollar Alternatives Gain, Ether Techs Grow Bullish

By Christopher Romano  —  Jan 31 - 11:38 AM

• Ether erased early losses, rallied back above the 10-DMA, turned positive

• An 11-session high of 3437.22 traded, Ether up +4.80% into Europe's close

• US$ alternatives sought; gold , stocks gained & USD/CNH fell

• Bitcoin rally reinforced theme investors are shunning the US$

• Bull tech signs emerged for Ether today; bull pennant top, 50-DMA pierced

• Rising daily, monthly RSIs reinforce bull signs, imply upward momentum

• January's monthly doji candle indicates invertors indecision however

• President Trump potential tariffs remain in focus for investors

• Tariff imposition may sour risk, rally US$ & send Ether downward

• Tariff decision expected Saturday; Ether may move after announcement
eth


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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