By Christopher Romano — Aug 19 - 09:45 AM
Ether trades lower to begin the week, down -0.67% in early NY trading
Ether down despite equity ESv1 gains, US yield US2YT=RR & US$ drops
Gold XAU= trading down -0.83% may be helping to weigh down Ether
Ether's price action has resulted in techs sending mixed signals
Daily, monthly RSIs are falling & Ether trades below the 10- & 50-DMAs
Ether consolidating gains off the Aug. 5 low may be bullish however
A rally above resistance near 2800 likely needed to give longs control
Investors may stay side lined until US weekly claims, Aug. S&P Global PMI
They may also wait until Fed's Jackson Hole conference for cues
Fed Chair Powell is scheduled to speak at the conference Friday
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary