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Nov 11 - 11:55 AM

Ether - Bulls Charge As Trump 2.0 Impact Lingers

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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