eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Jun 01 - 01:55 PM

Ether - Close To Completing Another Bearish Pattern

By Christopher Romano  —  Jun 01 - 09:50 AM

• Ether rallied to 2019.38 overnight, sellers emerged, it then turned lower

• Geopolitical tensions drove investors out of riskier assets and into safe-havens

• USD rallied sharply while US yields & oil

added to gains

• Gold , equities fell and USD/CNH hit a fresh session high

• Ether fell to 1969.87, it neared the May 28 daily low which sits at 1967.26

• Break of that low would complete the recent consoldiation phase Ether is in

• Consolidation completion suggests Ether's broader down trend can resume

• February's monthly low at 1751.94, 2025 yearly low at 1387.02 are then in focus
eth


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

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved