ClearValue Team Insights
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Ethereum Trying to Break Through $2.7K – $2.8K Resistance Zone
Ethereum has rebounded from a $2.1k support level, and is trying to break through a resistance zone between $2,700 and $2,800. Although Ethereum’s price action has been disappointing so far, we did see similar price action for Bitcoin after the BTC spot ETFs were approved. I still think it is possible for Ethereum to have […]Read More
Bitcoin Holds Above $58.4k Support Zone
I think we are trending for a boring day today, the key objective is for Bitcoin to hold above the $58.4k support level. There is a white support zone between $58.4k and $60.3k, and BTC is trading near the lower end of this range. There has been a wick below $58.4k, but BTC has been […]Read More
NASDAQ and S&P Likely to Experience Volatility Headed into July Inflation Data
All eyes on inflation data this week. On Tuesday and Wednesday we will receive July PPI and CPI inflation data. This inflation reading will be extremely important because the Sahm’s rule has been activated and investors are concerned for a recession. Strong inflation data will help to ease those concerns so that the stock market […]Read More