TheBullduck

We were looking forward to seeing the power of 200 EMA on MVRV charts, today we have tapped to the exact point on the chart. If we were able to claim this level and hold (2.07) 61.8 Fib level, potential upside continuation for the BTC is possible. We would like to see MVRV touch down on the (1.83) 0.786 Fib. level, then try to break 200EMA and reach the first stop of (2.07) level. We should also expect some volatility during the end of Q1.  

When we look at the lovely CQ's Exchange Whale Ratio data, most of the time the indicator hit above 0.65 we see a whale dump. That brings the question of is the winter is coming to my mind. It is better to watch out until BTC breaks $51k levels. Once we surpass this level next significant resistance will be around $56,8k How can I reach this data? Flow Indicator > Exchange Whale Ratio  

Alternative Layer 1 solutions are rising on the shoulder of the NFT and hard fork trends while ETH is setting 3k level as the 'new 'normal' for itself. The market is getting used to what the new normal is and having to accept that Ethereum's fair value is somewhere between 2,5k to 3,5k levels. When we look at the exchange reserves, it shows an inverse correlation between ETH reserves and price. Some may confuse about the Binance chart which is a bit noisy due to Binance ETH 2.0 staking.    

The Ethereum supply is melting like an athlete running a marathon on a hot summer day. The current amount of ETH burned after London Hardfork 96,409 and keep increasing. Additionally, when we look at the CQ ETH 2.0 Staking Rate data, it shows us that more than 6% of the total supply is locked to ETH 2.0 What is looking even more bullish to me is that ETH reserves on CEX dipped to 18.98 million and deposits across all the CEX substantially plunged.