ETHUSD In need of assistance
Updated
Ethereum appears to be looking for support on a weekly basis.
Note
For thought, a game of 3D chess. According to ConsenSys, Ethereum hosts approximately 74% of all stablecoins. Carry trades are risky because they are frequently highly leveraged and overcrowded.Carry trades do well in low volatility environments as traders are more willing to take on risk.
Note
When the fed reserves fall below the system's comfortable level, this will be a keystone of short-term funding markets.Note
The question is whether the SRF will serve as a warning sign of reserve scarcity, a tool to intervene in the Treasury market when conditions deteriorate, or a ceiling to help control the Fed's key benchmark interest rate.
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