Syed_Traders_20
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🚨Breaking News🚨
$ETH $BTC $BNB
📊 ETH Grabs Steady as Good U.S. Jobs Report Pushes S&P 500 and Nasdaq Composite to All-Time Highs:
• Ether remains above $2,580 as improved-than-expected employment data drives equities to record highs and cools Fed pivot expectations.
• Ether ETH $2,574.80 traded at about $2,584.90 on July 3, with a 0.55% increase in the last 24 hours as risk assets reacted positively to strong U.S. labor market data, based on CoinDesk Research's technical analysis model. The overall crypto market, as measured by the CoinDesk 20 Index (CD20), was 0.08% higher over the same interval.
• In a report by CNBC, the most recent nonfarm payrolls report revealed 147,000 jobs were created in June, surpassing expectations of 110,000 and higher than May's upwardly revised 144,000. Meanwhile, unemployment slid to 4.1%, contrary to expectations for an increase to 4.3%, reported the Bureau of Labor Statistics.
• The powerful data drove U.S. stocks to new all-time highs, as the S&P 500 closed at 6,279.35 and the Nasdaq Composite closed at 20,601.10 — both trading greater than 0.8% higher on the day. The Dow Jones Industrial Average added 344 points to close at 44,828.53.
• Still, the health of the labor market made the future of monetary policy more difficult to predict. It now appears extremely unlikely that the Fed will cut rates at its next meeting and traders are no longer even sure that there will be any rate cuts this year in the second half.
• Notwithstanding this, ether was strong, with traders heartened by the more general risk-on mood that boosted crypto along with equities.
🧑💻 Technical Analysis Highlights:
• ETH moved between a $71.20 range of $2,558.89 and $2,629.88 during the July 2 18:00 to July 3 17:00 time frame.
• A break above during the 13:00 UTC hour on July 3 took price to $2,625.10, the session high, on volume of 464,365 ETH.
• The price pulled back later in the 15:00 hour with ETH dipping as low as $2,569.18 before recovering.
• The 17:16 UTC candle had a sudden spike in volume (5,308 ETH), pushing price to $2,580.75 prior to temporary consolidation.
• During the last hour between 16:59 and 17:58 UTC, ETH rose $4.93 (0.19%), with its close almost at $2,584 and having a bullish pattern of higher lows.
• Resistance is still close to $2,630, with momentum still supporting a possible retest if macro remains favorable.
#ETHETFsApproved #CryptoNewss #TradingSignals #MarketOverview #priceaction
📊 ETH Grabs Steady as Good U.S. Jobs Report Pushes S&P 500 and Nasdaq Composite to All-Time Highs:
• Ether remains above $2,580 as improved-than-expected employment data drives equities to record highs and cools Fed pivot expectations.
• Ether ETH $2,574.80 traded at about $2,584.90 on July 3, with a 0.55% increase in the last 24 hours as risk assets reacted positively to strong U.S. labor market data, based on CoinDesk Research's technical analysis model. The overall crypto market, as measured by the CoinDesk 20 Index (CD20), was 0.08% higher over the same interval.
• In a report by CNBC, the most recent nonfarm payrolls report revealed 147,000 jobs were created in June, surpassing expectations of 110,000 and higher than May's upwardly revised 144,000. Meanwhile, unemployment slid to 4.1%, contrary to expectations for an increase to 4.3%, reported the Bureau of Labor Statistics.
• The powerful data drove U.S. stocks to new all-time highs, as the S&P 500 closed at 6,279.35 and the Nasdaq Composite closed at 20,601.10 — both trading greater than 0.8% higher on the day. The Dow Jones Industrial Average added 344 points to close at 44,828.53.
• Still, the health of the labor market made the future of monetary policy more difficult to predict. It now appears extremely unlikely that the Fed will cut rates at its next meeting and traders are no longer even sure that there will be any rate cuts this year in the second half.
• Notwithstanding this, ether was strong, with traders heartened by the more general risk-on mood that boosted crypto along with equities.
🧑💻 Technical Analysis Highlights:
• ETH moved between a $71.20 range of $2,558.89 and $2,629.88 during the July 2 18:00 to July 3 17:00 time frame.
• A break above during the 13:00 UTC hour on July 3 took price to $2,625.10, the session high, on volume of 464,365 ETH.
• The price pulled back later in the 15:00 hour with ETH dipping as low as $2,569.18 before recovering.
• The 17:16 UTC candle had a sudden spike in volume (5,308 ETH), pushing price to $2,580.75 prior to temporary consolidation.
• During the last hour between 16:59 and 17:58 UTC, ETH rose $4.93 (0.19%), with its close almost at $2,584 and having a bullish pattern of higher lows.
• Resistance is still close to $2,630, with momentum still supporting a possible retest if macro remains favorable.
#ETHETFsApproved #CryptoNewss #TradingSignals #MarketOverview #priceaction
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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