SOL remains farther from its average price than ETH, and both are still below their respective averages. The conditions set out in the earlier post still hold in this reading.
The conditions set out in this morning’s post were: “Is SOL still farther from its average price than ETH, and are both still below their respective averages?” The morning readings were ETH at 0.72% below and SOL at 1.47% below.
At 22:40 Beijing time, over a rolling 24-hour period, for Binance spot USDT trading pairs: ETH’s current price is 1.36% below its own 24-hour weighted average, while SOL is 1.92% below. The calculation is the same as this morning: (current price − weighted average) ÷ weighted average × 100%. Both conditions still hold. Compared with this morning, the new information is that the size of both deviations has changed, but the overall conclusion has not.
A reminder: these are readings from two separate rolling windows. They do not show the price changes from this morning to now, nor do they tell us what happened in between. The average is not a support level, and a larger deviation does not mean an asset is cheaper.
Next time, we’ll check the same conditions again: if SOL’s deviation is no longer larger, or either asset moves back above its average, the conclusion will need to be revised.
$ETH $SOL
The conditions set out in this morning’s post were: “Is SOL still farther from its average price than ETH, and are both still below their respective averages?” The morning readings were ETH at 0.72% below and SOL at 1.47% below.
At 22:40 Beijing time, over a rolling 24-hour period, for Binance spot USDT trading pairs: ETH’s current price is 1.36% below its own 24-hour weighted average, while SOL is 1.92% below. The calculation is the same as this morning: (current price − weighted average) ÷ weighted average × 100%. Both conditions still hold. Compared with this morning, the new information is that the size of both deviations has changed, but the overall conclusion has not.
A reminder: these are readings from two separate rolling windows. They do not show the price changes from this morning to now, nor do they tell us what happened in between. The average is not a support level, and a larger deviation does not mean an asset is cheaper.
Next time, we’ll check the same conditions again: if SOL’s deviation is no longer larger, or either asset moves back above its average, the conclusion will need to be revised.
$ETH $SOL