ETHUSD Fills Center Stage: A Look at the Latest Trends and Price

The Trend Probability Indicator (TPI) for the mid-term trend on the ETHUSD pair has recently undergone a sharp downwards shift. As of today, the TPI value stands at 0.357. For context, two days ago, the TPI value was at 1.

We did however see a big wick to the upside, which could indicate that we go lower, probably to fill out another fair value gap at 1875 on the 4H timeframe:


The Trend Probability Indicator (TPI) for the long-term trend on the ETHUSD pair has remained relatively stable, with a current value of 0.928. The long-term TPI is calculated on the 3D timeframe, which indicates that this trend has been established for a longer period of time and is therefore more significant.

However, it is worth noting that there is still one day left before the 3D candle closes, which means that there is a possibility of a shift in the TPI value. As an economist, it is important to keep track of any changes in market trends and adjust investment strategies accordingly.

Currently, the 3D candle is slightly below a fair value gap at 1938, which may indicate a potential opportunity for investors to enter the market. However, it is important to conduct a thorough analysis of other technical indicators and market fundamentals before making any investment decisions.

Overall, the long-term TPI value of 0.928 suggests a bullish sentiment for the ETHUSD pair, but it is important to remain vigilant and adapt to any changes in market trends.

I have linked a previous TPI update for BTC and gold, please give that a quick read!