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Dec 09 - 01:55 PM

Ether - Correction Risk Increases As Hold Above $4000 Remains Elusive

By Christopher Romano  —  Dec 09 - 11:35 AM
  • Ether closed above $4000 Friday, first time since March 11, 2024

  • Selling in weekend trading saw Ether fall below that psychological level

  • Today Ether fell further, pierced the 10-DMA, dipped below $3803

  • Bitcoin BTC= drop helped to drag Ether to a 3-session low

  • US yield US10YT=RR gains, equity ESv1 drop helped to weigh on Ether

  • Ether traded down -0.30% into Europe's close despite gold XAU= gains

  • Daily RSI turned lower from overbought territory, monthly doji has formed

  • Techs suggest Ether may have to correct a bit before broader rally resumes

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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