Hello everyone, friends. I wanted to provide an update for Eth/usdt and Eth/Btc.

First of all, let me start with my final thoughts and what happened. My initial thought was that everyone was expecting the level of 2800. If it breaks that level, there is a possibility of a pullback towards the support level at 2400 with a wick. However, due to the long positions in ETH and a new high being formed, it left a wick down to the level of 2000. Although there was a quick reaction from that point, unfortunately, the parity side continues to show signs of weakness.
As for Eth/Btc, my final thought on this side is that I actually liked the parabolic falling trend structure on the chart, and the price continued to maintain this trend, my expectation was 0.027 satoshi level, but it also pulled back to 0.024 levels with a deep decline.
According to my current thoughts, unfortunately, the liquidity of the 2100 level, which the price has cleared, could not create a new high, and the price continues to receive rejections from the 2800 level. If it manages to win here for a short time, the 3150 area will act as a resistance as the next region.
Unfortunately, the Eth side has remained very weak in the market recently, while many pairs have diverged, Eth has not. One of the main reasons for this is the increase in long appetite in Eth since August and of course the shift of money to BTC. Therefore, the possibility of filling the wick is still on the table in the Eth side. If the price remains above 2800 and gains 3150, then it will want to retest the level of 3500 before the wick. It is advisable to be careful during this period.
Unfortunately, altcoins are still weak. Hopefully, these upward movements will not just remain as a retest, and there will be more to come. For now, we are neither in a bad nor a good situation. The price is right in the middle, so it's not yet the right place to open a trade.
I think the price is clear and we are in a no trade zone, so it may be beneficial to watch from the outside.
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