Ether (eth)
More than 7% fell in the last 24 hours, falling from a higher session of $ 2,770.56 to only $ 2,477.71 before recovering slightly to $ 2,536 at the time of publication.
The strong decrease occurred in the midst of a wide risk movement in global markets after Israeli air attacks on Iranian military infrastructure, an important escalation in the Middle East tensions that surprised unsuspecting investors.
According to a CNBC report, Israeli Prime Minister Benjamin Netanyahu said the strikes were part of a “directed military operation” against Iran’s nuclear and missile programs. Iran responded by launching around 100 drones towards Israel in retaliation. While the United States denied direct participation, Secretary of State Marco Rubio emphasized that the priority of the United States was protecting its regional forces.
In response to the increase in geopolitical risk, investors fled to traditional assets of the safe hand. The US dollar recovered 0.6% on Friday morning, reversing a minimum of three years since the previous day. Gold also increased to a maximum of two months, while oil futures increased to 13% before the profits of the reduction. The strength of the dollar was particularly remarkable, since it exceeded other insurance shelter coins such as the Swiss Franco and Japanese yen.
Market strategists pointed out that the depth and duration of the conflict, especially its impact on oil, would shape the behavior of investors in the future. Ing analysts said the dollar bouncing was significant, even if it is more silenced than expected. Meanwhile, the Bank of America survey showed that the merchants remained strongly short in dollar, although the condemnation in that trade had not yet collapsed.
The acute ETH movement is more aligned with a weakness of risk assets similar to basic actions, bonds and products. While prices have stabilized above the level of $ 2,530 for now, it is likely that volatility remains high as merchants digest the geopolitical situation that develops.
TECHNICAL ANALYSIS
- ETH fell from $ 2,770.56 to a minimum of $ 2,477.71, an intra -dialing of 10.6%.
- The volume increased to 692,000 ETH as the sale of the sale intensified during the afternoon hours of the United States.
- The price briefly recovered the $ 2,480 area but faced resistance below $ 2,550t.
- The last Flash movement formed an adjusted consolidation band between $ 2,530– $ 2,540.
- The volume of decrease gradually suggests exhaustion in the short term, but there is still no confirmed reversion.
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