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Apr 22 - 05:55 PM

ETH: Ether Falls Victim To Rates, Risk-Off

By Christopher Romano  —  Apr 22 - 03:58 PM
  • Rise in US rates US2YT=RR drives risk-off, equities ESv1 tumble

  • Investors flock to safer assets on expectations for a hawkish Fed

  • Ether ETH=BTSP weakens as investors look to the dollar =USD for safety

  • The crypto gives up gains from earlier this week, falls below 10- & 50-DMAs

  • Daily RSI falling again, implies short-term downward momentum in place

  • Longs need support near $2900 to hold, if breaks $2750 area targeted

  • For more click on FXBUZ

 

 

Source:
Refinitiv IFR Research/Market Commentary

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