“Ether Plunged to A 10-Day Low As Investors Rusned Into The Dollar and Gold Following Israeli Aircrakes on Iran.”, – WRITE: www.coindesk.com
TumbLED more than 7% over the past 24 hours, Falling from a session High of $ 2.770.56 to as Low As $ 2,477.71 Before Recovering Slightly to $ 2,536 at Press Time.
The Sharp Decline Came Amid A Broad Risk-Off MOVE ACROSS GLOBAL MarKets Following Israeli Aircrakes on Iranian Military Infrastructure Guard.
Access to a report by cnbc, Israeli Prime Minister Benjamin Netanyahu Said the Strikes Were Part of a “Targeted Military Operation” Against Iran’s Nuclear and Missile Programs. Iran Responed by Launching AROUND 100 DRONES TOWARD ISRAEL IN RETALIATION. While the United States denied Direct Involvement, Secretary of State Marco Rubio Emphasized that America’s Priority Was Protecting It Regional Forces.
In Respons to the Rising Geopolitic Risk, Investors Fled Into Traditional Safe-Haven Assets. The US Dollar Rallied 0.6% on Friday Morning, Reversing A Three-Year Low from The Previous Day. Gold Also Surged to Near A Two-Month High, While Oil Futures Spiked As Much As 13% Before Paring Gains. The Dollar’s Strength Was Particularly Notable As It OutperFormed Other Safe-Haven Currencies Like The Swiss Franc and Japanese Yen.
Market Strategists Noted That Conflict’s Depth and Duration – Especialyly ITS IMPACT ON Oil – Wound Shape Investor Behavior Going Forward. Ing Analysts Said the Dollar’s Rebound Was Significant, Even If More Muted Than Expectoed. Meanwhile, Bank of America’s Survey’s Showed that Traders Remoned Heavily Short the Dollar, Thought CONVICtion in that Trade Had not Yet Colllapsed.
Eth’s Sharp MOVE LOWER ALIGNED WITH SIMILAR Risk-Asset Weakness Seen Across Equities, Bonds, and Commodities. While Prices have Steadied Above the $ 2.530 Level for Now, Volatility Is Likely to Remain Elegated as Traders Digest the Unfolding Geopolitic Sity.
Technical Analysis Highlights
- ETH FELL FROM $ 2,770.56 TO A LOW OF $ 2,477.71 – A 10.6% Intrady Drop.
- Volume Surged to 692,000 Eth As Selling Intensified During US Evening Hours.
- Price Briefly Rebounded Off The $ 2.480 Zone But Faced Resistance Below $ 2,550T.
- HE LATEST FLASH MOVE FORMED A TIGHT Consolidation Between $ 2.530– $ 2.540.
- Gradurally Deckling Volume Suggests Short-Term Exhaustion But No ConfirMed Reversal Yet.
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