ETH may be a long for breakout
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!
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!
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