Ether
Exchanged approximately $ 2,584.90 on July 3, recording a 0.55% gain in the last 24 hours, as risk assets responded positively to the robust data on the American labor market, according to the Technical Analysis model of Coindesk Research. The wider market of cryptography, with regard to the Coindesk 20 index (CD20)increased by 0.08% in the same period.
According to a report published by CNBC, the last non -agricultural pay report showed that 147,000 jobs were added in June, beating expectations of 110,000 and exceeding 144,000 revised upwards in May. Meanwhile, the unemployment rate fell to 4.1%, defying forecasts of an increase at 4.3%, according to the Bureau of Labor Statistics.
Solid data has brought to the American actions to new heights of all time, the closure of the S&P 500 to 6,279.35 and the Nasdaq Composite ending at 20,601.10 – both by more than 0.8% on the day. The industrial average of Dow Jones also won 344 points to settle at 44,828.53.
However, the force of the labor market has complicated the prospects for monetary policy. It now seems very unlikely that the Fed will lower rates at its next meeting and traders are no longer certain that there will be rate reductions in the second half of this year.
Despite this, the ether has remained resilient, with the traders encouraged by the broader feeling of the risk that raised the crypto alongside actions.
Strengths of technical analysis
- The ETH exchanged in a range of $ 71.20 between $ 2,558.89 and $ 2,629.88 between July 2 from July 2 to 3:00 p.m.
- An escape during the hour 1:00 p.m. UTC on July 3 brought the price to $ 2,625.10, the high session, in volume of 464,365 ETH.
- A decline followed for 3:00 p.m. with ETH touching $ 2,569.18 before finding solid support.
- The UTC candle from 17:16 saw a net of net volume (5 308 ETH)Raising the price at $ 2,580.75 before a brief consolidation.
- In the last hour of 4:59 p.m. at 5:58 p.m. UTC, ETH won $ 4.93 (0.19%)Closing nearly $ 2,584 with a higher upper low structure.
- The resistance remains close to $ 2,630, the momentum promoting a potential retest if the macro-waonditions remain favorable.
Non-liability clause: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee the accuracy and membership of Our standards. For more information, see Complete Coindesk AI policy.
