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I have dropped down to an hourly chart of ETH. The price path is starting to look impulsive to the downside, despite US Dollar weakness – I still expect a bottom very soon which implies macro regime change and crypto bearish.

ETH was strongly rejected at key resistance yesterday and is starting to cascade lower. There has a been a failed retest higher and negative reversal in RSI (hourly) – price down, RSI up, poor ease of movement higher. Keep looking down near term.


Blast Mainnet Launches, Boosting Ethereum L2

Blast Mainnet Launches, Boosting Ethereum L2

Now the seventh-largest blockchain and the second-largest Ethereum Layer 2 by total value deposited, Blast demonstrates the growing interest and demand for scalable and efficient solutions within the Ethereum ecosystem.