According to Glassnode, the OI on Eth has hit ATH with the two major variable in the market, CPI and The Merge.
On macro perspective, we are bullish and expecting the a post-CPI surprised pump but be aware of the massive volatility.
On the TA, we witnessed a quick rebound from 1700 level after breaking the support line and forming a wedge for another power move.
On macro perspective, we are bullish and expecting the a post-CPI surprised pump but be aware of the massive volatility.
On the TA, we witnessed a quick rebound from 1700 level after breaking the support line and forming a wedge for another power move.