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
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Source:
London Stock Exchange Group | Thomson Reuters