ETHEREUM - ETH/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETHUSD
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ETHEREUM - ETH/USD - ETHUSD looks north - 05/16/2024 (GMT)

Timeframe : 30 min.

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ETHEREUM - ETH/USD Chart

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!