By Christopher Romano — Aug 08 - 10:10 AM
Ether traded up 3.81% in NY's morning after 2524.20 was struck earlier
The crypto pierced the 23.6% Fib of 3562.20-2181.00 the fell below it
US yield US2YT=RR, US$ gains after weekly claims helped limit gains
Equity ESv1, gold XAU= gains help pair maintain gains however
Daily RSI is oversold, may unwind that condition; could be bullish
Hold below the Fibo, consolidation of recent drop bearish however
Falling monthly RSI, recent break of 2800 adds to bearish sentiment
Ether longs likely need above 10-DMA, 2770/2830 to gain greater control
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary