- Ethereum X CPI Catalyst - We have the CPI today. What can we expect to see before the event?
- Price has deviated twice forming an excess price and then returning to Equilibrium
- There have been significant liquidity grabs and now a base is forming. The question is where will the price go next?
- In my opinion, it is likely to move upwards or expand given the significant sell-side imbalance and numerous fair value gaps.
- To understand the bias we need to grasp the expansion along with the CPI and it appears we are likely to see an upward expansion if the CPI is below estimates