Potential ETH Demand Surge Tied to DXY and Yield Reversal | Flash News Detail | Blockchain.News

Potential ETH Demand Surge Tied to DXY and Yield Reversal

10/23/2024 12:00:00 PM

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)

Ethereum ETH yields DXY

More from Michaël van de Poppe (@CryptoMichNL): Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast