Bank of Japan and ETH

Benjamin Cowen

Key Points

  • The Bank of Japan raised rates in March 2024, followed by ETH capitulation in April
  • The Bank of Japan raised rates in July, followed by ETH capitulation in August
  • The Bank of Japan raised rates in January, followed by ETH capitulation in February
  • The recent ETH capitulation dipped into the lower logarithmic regression trend line for the first time in this market cycle