ETHUSD update 21.07.23

21 ביולי 2023

Globally, we are moving in an ascending channel, the last month this movement has been at the bottom of this channel.

After testing the lower support line, we entered the 1800-1970 range, above which we took good liquidity. Either way the trend will continue or not, MM intends to pick up liquidity from below this blue box.
The biggest liquidity of course everyone realizes is below the global ascending channel, which you will break anyway, sooner or later.

Thoughts about ETHBTC

Fundamentals:
In the last month I see a lot of transactions of a large amount of ETH Including ETH that for the first time since the ICO started moving.
Okay, what actions can be done with ETH?
I see several options: Staking, Liquidity Pools, Selling, Holding
Assume everything will be evenly distributed across these four options (I doubt it).
it's gonna put pressure on the market

Best regsrds EXCAVO

24 ביולי 2023

הערה

We dont take liqudity yet, waiting lower