Potential ETH Demand Surge Tied to DXY and Yield Reversal | Flash News Detail | Blockchain.News
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10/23/2024 12:00:00 PM

Potential ETH Demand Surge Tied to DXY and Yield Reversal

Potential ETH Demand Surge Tied to DXY and Yield Reversal

According to CryptoMichNL, a reversal in the US Dollar Index (DXY) and bond yields could lead to increased demand in the Ethereum (ETH) ecosystem. If Ethereum can break through the 0.04 level, it may signify a positive momentum shift for traders.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast