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Ether slides as dollar rises and bonds fall

01 Jun, 2022

Both Ether and Bitcoin are lower this afternoon. It seems the fall in US bonds and further rise in the dollar has undermined any previous traction for both leading coins. Ethereum (ETHUSD) has now fallen below $1900 this afternoon and the move lower has been steep too. That is because just prior to that, the price had been on the rebound again. It was rising quite sharply to above 1970 until that ISM data completely derailed the move. The same can be said of BTC too, as that now drops to below 31k this afternoon as well. However, both are trying to rebound now, but as yet that rebound is not conclusive. The low on Ether was set at 1892.60. It is just now trading at 1916
 

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