Ethereum (ETH/BTC) Inflows to exchanges skyrocketed just before the Merge. Buy the rumour, sell the news.

Finally it seems that it breaks the triangle in correction.

We'll see

When I decided to make a post about ethereum because the topic seemed worth sharing to me, the price of ethereum fell 1% compared to the previous day, when I finished writing it it was already more than 8% falling.

Buy the rumor sell the news

News

Finally the ethereum merge has occurred.

It seems that many investors deposited their ethereum exchanges before the merge.

Will it be the prelude to a correction?

It looks like it is

Price analysis in relation to Bitcoin

If we analyze the graph it seems that the price of ethereum begins to correct in relation to Bitcoin.

It looks like it is about to break out of the ascending channel in search of a correction.

It should close above the channel today to confirm the continuation of the channel.

Prices supports

• 0.064eth/btc
• 0.055eth/btc

Capitalization of Ethereum vs Bitcoin

If we analyze the capitalization relationship of Ethereum with Bitcoin we see that the relationship is very high

Ethereum has half the capitalization of Bitcoin and it is a very high figure if we compare it with other previous years.

Ethereum/Bitcoin

As we can see in the graph, the dotted line has touched it and has passed it repeatedly in previous years.

What I want you to understand is that I'm not saying that you have to go break it, but that right now it's well above an average value.

An average value would be 0.04 eth/btc

Unless you think ethereum is going to be worth more than bitcoin in the future, then it won't go back to the dotted line.

What can happen to return to the dotted line>

• Let the price of Ethereum go back

• Let Bitcoin start a short-term bullish cycle while Ethereum remains at the same values.

These 2 possibilities would push back the ethereum/bitcoin relationship

What do you think will happen to the price of Ethereum?

For your vote or comment, thank you

READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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