Uniswap Liquidity Signals ETH Optimism

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day glass. No data says that when we look at the distribution of liquidity across different price ranges in the Unis pool, we can see that liquidity providers who are also known as LP S are supplying a majority of liquidity above the current ether price tick. This chart shows that the most concentrated liquidity which makes up roughly 30% of capital is located within an 11% price range with an expected downside of 2.7% and an upside of 8.6. A second tier of liquidity is positioned with an 8.5% buffer to the downside and a 23.7% buffer to the upside. This suggests the UN swap LP S are expressing an expectation of optimism and a market upside for ether. On the whole last week, a New York court dismissed a proposed class action law alleging that Unice swap was responsible for causing harm to investors by allowing scam tokens to be issued and traded. The judge also classified Ether as a commodity in her opinion on the ruling Ether is currently trading at around $1631. That's it for today's chart of the day. I'm Jenna. We'll see you next time to unpack more of the data behind top news stories.