Crypto May Offer the Next Market Clue 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by David Rath.
Ethereum ($ETH) is attempting to snap its third-longest weekly losing streak on record as it continues to coil within a tight consolidation.
Following a death cross, the last period of digestion resulted in a roughly 45% decline in less than a month.
Crypto has led the downside in risk assets, so a breakout in $ETH could provide an early signal that risk appetite is beginning to recover.
The Takeaway: Ethereum is nearing an inflection point, and its next move could help determine the near-term path for markets.
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