Ethereum / TetherUS
Panjang

ETH may be a long for breakout

272
ETHUSDT is recovering after a long consolidation. As BTCUSDT has grown substantially after a weak inflation publication yesterday, ETH is still lagging, and the spread between Bitcoin and Ether has reached the extremely "overbought" zone, pointing to a potential of a rotation to ETH from BTC.

Overall market conditions stay bullish, as inflation is declining: April was the first month of reduced US CPI reading.

The interest rate decline probability had increased for September this year, and yields of 30-year treasury bonds have crossed 4.5% from above.

That is a potentially bullish situation for stocks and cryptos.

Don't forget - these are just the ideas, always manage your risk and DYOR!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.