Undervalued & Under Pressure

Published on: April 28th, 2022

Chart of The Week – Risk On, Risk Off The last several months has been a mixed bag of “the bottom is in” to “the market has a one-way ticket to new lows”. One proxy to measure risk appetite is the ETHBTC pair, which has gone through multiple peaks and troughs over the last several months. It’s latest mini topping pattern means we’re likely to see more consolidation for ETHBTC in the short run, though the trend is gradually moving up and to the right.


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