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PraxisVeritas.io
@praxisveritas
ETHUSD Risks Start Improving in mid September The Praxis Veritas ETHUSD forward-looking rising price regime probability starts to improve to around 10% beginning in mid-September. This is the most persistent improvement after a sharp decline through July and August. As a reminder, price regime predictions incorporate macro and cross-asset factors as well as numerous inputs idiosyncratic to the asset under analysis - in this case ETH. On the cyclical data side, we have seen a marginal improvement in global data surprise indices in recent weeks. The signs of a true inflection point are not yet there, but at the margin the rate of economic data deterioration could be moderating. Ethereum's utilisation at the L1 level is stabilising in terms of daily active addresses while L2 activity remains in an uptrend. Volatility risk premia have reached a local inflection point and continue rising.
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