With Ether (ETH) currently trading at around $2,440, it is at its lowest level in over three weeks. Money and geopolitical headwinds, an increasingly cautious sentiment, and a fragile chart technical setup are weighing on sentiment. Investors are increasingly questioning their positions in the face of persistent risk aversion. At the same time, market technical factors may also be playing a role. The extent of the correction could also signal a potential „long squeeze.“ In such moments, weak hands are removed from the market.
Ethereum (ETH)/USD
Uncertainty in the bond market – Yields on 30-year government bonds rise towards the 6 percent mark
A general risk aversion in global financial markets has not stopped even cryptocurrencies like Ether. Investors fear that the monetary and geopolitical risks could persist for a while. At the same time, the bond markets continue to send warning signals, which have now reached the crypto markets as well. The underlying reason for this is, among other things, rising expectations of inflation and interest rates.
US government bonds (30-year maturity)
