By Christopher Romano — Oct 01 - 11:55 AM
Ether fell below the 50-DMA & hit a 12-session low, 2483.30 traded
Daily & monthly RSIs are falling which implies downward momentum
Yields US2YT=RR, stocks ESv1 dropped while USD/CNH rallied
Safe-haven assets sought as geopolitical tensions may be rising
Despite Ether's drop those positioned long may remain confident
Ether still above the 50-DMA & above short-term structural support
Consolidation phase of gains off September low is another bull signal
Rally above Sept. high, 2820/25 zone may see longs target the 3400 area
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Source:
Refinitiv IFR Research/Market Commentary