By Christopher Romano — Nov 11 - 09:35 AM
Ether rallied above the 50% Fib of 4093.70-2149.53, hit a 4-month high
3251.10 traded, NY opened near 3156.00, traded up +7.2% in early NY
Ether, bitcoin gains extended after election of Trump, pro-crypto candidates
Rally in shares of cryptocurrency related companies reinforced Ether's rally
Ether techs are bullish; Ether is above 10- & 50-DMAs, monthly RSI is rising
Daily RSI is overbought, consolidation needed, would healthy for the rally
61.8% Fib 4093.70-2149.53 (3351.03), July monthly high (3562.20) in focus
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Source:
Refinitiv IFR Research/Market Commentary