The market is in a "Springboard" phase. As long as Bitcoin maintains its $90,700 floor, the technical path of least resistance remains upward. The next major volatility expansion is expected once Bitcoin clears $91,600, likely dragging Ethereum into its higher-density liquidity zones. $BTC
Ethereum: The Slingshot Effect Ethereum is exhibiting a "Lagged Beta" profile, meaning it is gathering strength while Bitcoin consolidates. Key technical factors include: • The Fortress Floor: Strong buy-side liquidity is packed between $3,000 and $3,050, making this a high-probability reversal zone. • The Liquidity Gap: There is a significant lack of sell orders (a "gap") between $3,185 and $3,220. • The Squeeze: If ETH breaks $3,185, it is expected to "teleport" through the gap as short-sellers are forced to cover their positions.
I asked gemini about whats the tvl for $ETH today thats what he replied since the upgrade was a succes today and the major news about the ETF’s and morgan stanley im wondering why we arent bullish enough .
Gemini said :
While the price dropped, the TVL on Ethereum has actually increased today to over $71 Billion. • The Insight: This is a "hidden" bullish signal. It means that even though traders are selling their coins on exchanges, people are actually moving more money into Ethereum dApps and DeFi protocols. • This usually creates a "supply shock" because there are fewer coins available to be sold, which supports a rebound once the panic ends.