By Christopher Romano — Jun 25 - 11:45 AM
Ether rallied to 3423.29 Tuesday, traded up +3.2% in NY's morning
Despite the gains the crypto currency faces downside risks
The pair trades below the 10- & 50-DMAs, 10-DMA about to cross below 50-DMA
Daily RSI is unwinding near oversold condition, may indicate consolidation
Monthly RSI is falling which implies longer-term downward momentum
Test of May's low seems likely as US weekly claims, May PCE reports loom
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Source:
Refinitiv IFR Research/Market Commentary