Ether
traded around $ 2,584.90 on July 3, when a gain of 0.55% was recorded over the last 24 hours, when risk assets responded positively to robust US labor market data, according to Coindesk Research’s technical analysis model. The wider crypto market as the target of the Coindesk 20 index (CD20)rose 0.08% in the same period.
According to a report published by CNBC, the latest report on non -yard wages showed that 147,000 jobs were added in June, beating expectations of 110,000 and exceeding the upward revised 144,000 from May. Meanwhile, unemployment dropped to 4.1%and defies the forecasts of an increase to 4.3%, according to the Bureau of Labor Statistics.
The strong data sent us shares that waves to fresh heights all the time, with the S&P 500 closed at 6,279.35 and NASDAQ compassion at 20,601.10 bees up more than 0.8% on the day. Dow Jones Industrial Average also got 344 points to settle on 44,828.53.
However, the strength of the labor market complicated the prospects of monetary policy. It now seems very unlikely that Fed will lower the rates at its next meeting, and the traders are no longer even sure that there will be any rate -cuts in the second half of this year.
Despite this, Ether remained resilient, with dealers encouraged by the broader risk-on mood that raised crypto with shares.
Technical analysis highlights
- ETH acted within a range of $ 71.20 between $ 2,558.89 and $ 2,629.88 during the window 2 18:00 to 3 17:00.
- A breakout during 13:00 UTC HOUR On July 3, the price pushed for $ 2,625.10, the session high, on volume of 464,365 ETH.
- A withdrawal followed within 15:00 hours with ETH affected $ 2,569.18 before finding solid support.
- 17:16 UTC -Stearin light saw a sharp volume (5,308 ETH)lifting price for $ 2,580.75 before short consolidation.
- In the last hour from 16:59 to 17:58 UTC got ETH $ 4.93 (0.19%)closes nearly $ 2,584 with a bullish structure of higher low lower.
- The resistance remains near $ 2,630, with momentum that favors a potential gene test if macro conditions remain supportive.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
