can't believe i'm saying this. but i'm actually bullish on $ETH.
picked some up around $1,650.
indicators on higher timeframes tell me we can send this to 2k+ levels.
evaluating there whether i sell or hodl.
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Retail still argues about L2s while institutional settlement rails quietly captured the revenue throne
Canton at $353M tells you exactly where regulated capital chose to settle
The split between what trades on CT and what actually earns is wider than it has ever been
$ETH cleared all the sellside liquidity as I mentioned. couldn’t catch the $ETH short though because I didn’t get the perfect setup and forcing trades never ends well.
Still very important to watch the mid range here. I’d like to see that get tapped first and then IMO we continue to bleed after that.
Price action never moves in a straight line
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