$ETH
CPI in 5hours. CPI YOY expectation is 2.7% which is the same as previous data. 2.7% is already priced in. Lower than 2.7% is bullish for crypto as the chances for rate cuts will be higher and higher than 2.7% is bearish. Now what does our liquidation data say?
Yesterday, I showed you ETH liquidation data and as you can see, market took both side liquidities. First pump and then dump and then come back to the initial price. It's actually trading inside a tight price range. 3D & 1W data showing that there's more liquidation to the upside than the downside. So, a breakout to the upside is inevitable.
TOTAL3 is holding the trendline and the yellow box very well. But we should start pumping quickly because consolidation inside the yellow box is not good at all. So, market should give us a clear direction this week. Trade accordingly.