After a steep pullback, Dollar bulls are set to reject 94.125 and make a run for last week’s high. As Bitcoin begins to surge, Ethereum bulls are looking to rally to $4,000.
A day before the Non-Farm Payroll (NFP) release, Dollar bulls are looking to reintroduce their presence in the market after bears dominated the price for much of this week. Today’s daily candle will most likely close as a hammer, with suggests a next push by buyers in the market.
Bitcoin rightfully got most of the attention this week in the crypto markets, but Ethereum deserves its flowers too. Price has successfully cleared the $3,500 barrier by printing a hammer on the daily. This should pave the way for a move straight to $4,000 and possibly this year’s high of $4,400.
The forecasts for tomorrow’s NFP report are bullish as unemployment is expected to drop to 5.1% and 490,000 jobs are expected to be added. This could be the catalyst for the Dollar to reach and even break last week’s high.
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