Hello everyone, friends, I wanted to give an update for the Eth/usdt and Eth/Btc side.

First of all, what were my last thoughts and what happened, let me start from there. My first thought was the level everyone was expecting was around 2800 levels, and if there was a breakthrough there, the fvg formation at the 2400 level was in the direction of a wick. However, due to the longs on the eth side and its new high, it left a wick down to the 2000 level. Although there was a quick response from there, unfortunately, the parity side continues to show signs of weakness.
As for Eth/Btc, my final thought on this side is that I really liked the parabolic downtrend structure on the chart, and the price has continued to maintain this trend. My expectation for this was the 0.027 satoshi level, but it pulled back to the 0.024 levels with a sharp drop.
On the current thoughts, unfortunately, the liquidity of the 2100 level that the price has cleaned couldn't produce a new high and the price continues to be rejected at the 2800 level. If it manages to win here in the short term, the 3150 region will act as a resistance as the next area.
Unfortunately, the ETH side has been very weak in the market recently. While many pairs have diverged, ETH has not. One of the main reasons for this is the increase in long appetite in the ETH side since August and of course the shift of money to BTC. Therefore, the possibility of filling the wick is still on the table in the ETH side. If the price remains above 2800 and gains 3150, then the first level it will want to test again before the wick is the 3500 level. It is advisable to be cautious during this period.
Unfortunately, altcoins are still weak. Hopefully, these upward movements will not only remain as a retest, but continue. For now, the price is neither bad nor good, it is right in the middle, so it is not a place to open a trade yet.
The price is clear, and we are in a no-trade zone, so it might be beneficial to observe from the outside.