A New Bottom Will Come in Ethereum

Whenever the Exchange Supply Ratio drops sharply, it is observed that the price also forms a bottom in tandem. That is, in historical behavior, when the Ratio decreases, the supply on exchanges diminishes. This generally indicates that selling pressure is easing, and the price is also entering a bottom zone. However, there is a significant discrepancy in the current chart. The Ratio has fallen back to the bottom levels again, but the price has not produced a corresponding bottom; it is still holding above. In this case, we understand that the price has not yet reached the true bottom zone.
Even if the reduction in supply indicated by the Ratio has occurred, the price may not have fully priced it in yet. This increases the possibility of a delayed downward movement. The reason for this could be that the market is artificially kept above. Especially due to derivatives market effects, the price may remain resistant for a while longer. However, such divergences usually do not last long. $ETH
In summary, in the current situation, the ratio has bottomed out, and the price should have also bottomed, but it hasn't. Such discrepancies are often resolved by the price moving downward to realign with the Ratio. That is, the current scenario presents a risk of a delayed and downward correction. The market may soon close this gap. #Ethereum
⚠️ #advertisement or investment advice is not provided. The analysis reflects my personal opinion. It is not definitive.