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Ether party derailed by US jobs

05 Aug, 2022

Well, following on from all the most recent updates after the US jobs report it is perhaps worth mentioning the impact that and the higher dollar has just had on the crypto space. Ether has now slid all the way back below where it earlier broke out. The high seen was set at 1724.90 as was the case when the move was noted here. The US jobs report has not only ensured it did not go any higher, but also sent in back down again, almost as fast as it earlier rose. The price is now testing the 100 day moving average to the downside this time. It did actually fall to as low as 1674, but it is trying to rebound again right now. If nothing else, this all serves to underline just now closely linked the likes of Ether and BTC are now to the dollar and the wider financial markets
 

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