By Christopher Romano — Apr 22 - 03:58 PM
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Rise in US rates US2YT=RR drives risk-off, equities ESv1 tumble
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Investors flock to safer assets on expectations for a hawkish Fed
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Ether ETH=BTSP weakens as investors look to the dollar =USD for safety
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The crypto gives up gains from earlier this week, falls below 10- & 50-DMAs
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Daily RSI falling again, implies short-term downward momentum in place
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Longs need support near $2900 to hold, if breaks $2750 area targeted
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Source:
Refinitiv IFR Research/Market Commentary