The 10/10th changed everything and the crime lords of this space & the powers that be has manipulated the prices of $ETH & the entire space.
It is plain & visible out there for you to see and the timing couldn't be more clear.
10/10th is literally where the divergence happens.
$ETH should be trading at 7000$.
And they will not let it go up, until they are fully positioned.
"I'm guessing that you are now net -long- and it is in your interest to accurately price my swaps."
ETHActivation price $2,133.07Direction LongType DirectionalTimeframe Mid
Max Favorable +1.1%Max Adverse −29.4%Opportunity 0.48Time 0.03Magnitude 0.48Score 0.15
To my view the crypto market has clearly capitulated on Feb 6th, following with probably one of the most illiquid and boring periods in its history to this day.
The market clearly ran out of sellers during that period amidst the equities sell-off, mooning oil prices & US-Iran war news & other stuff, failing to move prices lower.
And anyone who wanted to leave the space has already done so & sold during this period. The remainder are people that will never leave.
We have ranged since then & lots of alts attempted a breakout last week again however it failed to hold & rejected over the weekend. So any immediate recovery seems out of reach now.
Using $XRP here as an example but situation is similar across the board.
The next logical outcome is that we won't recover as quickly just yet but also likely won't fall much further either with the above context.
Best the MMs can give you is likely the next 30 days of range? Crab for the win.
Short term bearish on the price but HTF bullish bias remains.
Good news is that the space, or in a better word certain quality projects & teams are now extremely undavalued compared to its trad-fi peers & will present massive assymetric opportunity once the risk conditions improves for the space. Time is the real question here.
I understand this post won't appeal to either bears nor bulls much but it is the reality of the current market in a broader look from my POV.
$BTC likely to remain strong but that is a category of its own

XRPActivation price $1.22Direction LongType ConditionalTrigger Hits 1.22Timeframe Mid
Max Favorable +6.0%Max Adverse −17.3%Opportunity 0.56Time 0.03Magnitude 0.56Score 0.28
I have just opened up a long on $Pepe right into resistance. Do not try this at home.
That said, if we break it, there is nothing but air above us and this can give a clean quick win
Using a prop firm to scale up the size with a minimal risk too https://t.co/kryzyxSWoT
PEPEActivation price $0Direction LongType ConditionalTrigger Hold Above 0.00000415Timeframe Short
Max Favorable +8.5%Max Adverse −4.0%Opportunity 0.66Time 0.53Magnitude 0.66Score 0.47
The liquidity on #ETH has been located, unleash the catapult https://t.co/6ALricefpi
ETHActivation price $2,376.35Direction LongType DirectionalTimeframe Short
Max Favorable +2.0%Max Adverse −12.6%Opportunity 0.62Time 0.02Magnitude 0.62Score 0.23
After a significant upside from the current lows on #BTC (+33%) it has come to a logical spot to hedge your spot positions
This is not the same as being bearish
This is imo also the last significant resistance before, if broken, a fair repricing above Y/O to 100K takes place https://t.co/fV9jzOaQYh
BTCActivation price $80,905.52Direction LongType ConditionalTrigger Hold Above 80000Timeframe Mid
Max Favorable +2.4%Max Adverse −24.1%Opportunity 0.80Time 0.13Magnitude 0.80Score 0.28