eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• Ether fell to 2224.74 earlier in the session, buyers emerged, sharp rally ensued
• Rally emerged as results of the US election filtered in; Ether cleared the 10-DMA
• USD, US yields fell after the election results, helped fule the rally
• Sharp gains in gold, silver, stocks also contributed to fuel Ether's rally
• Key 2402.00/2415.00 zone was broken, Ether hit a 13-session high of 2444.71
• Ether's price action has allowed techs to now take a more bullish lean
• RSIs are rising, daily RSI diverged on today's low, those indicate bulls gaining control
• Massive daily bull hammer candle formed, reinforces view bears are losing their grip
• 2520.00/2575.00 zone in focus; 50-DMA, series of daily
highs sit in that area
eth

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