By Christopher Romano — Aug 16 - 09:45 AM
Ether rallied back above the 10-DMA Friday, traded up to 2628.80
US housing data sank yields US2YT=RR, US$ on higher prospect of Fed cuts
Gold XAU= rally to a record high above $2494.00 may have helped buoy Ether
Ether consolidation of recent gains, rising daily RSI highlight upside risks
Monthly RSI is falling however and gives longs some worries
Ether longs likely need break of resistance near 2800 for greater control
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Source:
Refinitiv IFR Research/Market Commentary