Armed with learnings from a brutal 2022, we head into 2023 with cautious optimism. Whilst we will temper our enthusiasm, we anticipate a resurgence in crypto assets and renewed interest in blockchain applications.
The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.
Bitcoin: Net Unrealized Profit/Loss
Ethereum Supply Imbalance
BTC/USD Key Levels
ETH/USD Key Levels
Ethereum remains rangebound between $1,190 and $1,230 USD. If we can get a clean break and daily close above $1,230 then a sharp move towards the $1,300 - $1,341 pocket would be expected. With enough momentum, we can see a retest of $1,472. To the downside, a break and close below $1,190, could see a move towards $1,130. If the downside move is particularly strong, we can anticipate a retest of $1,071.
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