9/11/2024
As announced recently, we're now showcasing our Global Liquidity Bands - optimized for Ethereum.
Admittedly it's not as correlated to liquidity as Bitcoin, but still it's hard to deny correlation between Ethereum and liquidity, given how decent it signals local tops and bottoms.
Ethereum is currently stealing lots of spotlight and thus gaining momentum.
There's, however, a likelihood of it reverting from the ~$3.6k level as it hits the top band, due to lack of liquidity injections - provided it convincingly flips the ~$3.1k level from resistance into support.
Of course, this is subject to change as the bands are dynamic and updated according to liquidity net flows.
We'll be monitoring this closely and sharing updates moving forward.