Good news for Ethereum users. Not a reason to trade $ETH this week.
Decrypt reports that Aztec Labs relaunched zk.money, a self-custodial wallet on Aztec Network that lets people send stablecoins privately using readable tags instead of long addresses.
I like this kind of progress. Private payments that normal people can use are a real gap. But tools like this take months to matter, and the ETH chart is living in the short term.
Here is what it shows. ETH is at 2,672, up 0.5% on the day but down 3.7% on the week, 4.2% under the 7-day high of 2,789. Volume is 1.37 times its 7-day average, so trading is picking up. Hourly RSI sits at 42.9, a bit on the weak side. More activity with soft momentum usually means both sides are fighting, not that buyers have won.
My view: neutral, no trade yet.
Above 2,789 with that volume holding, I turn bullish.
Below 2,600, the 7-day low, the weekly downtrend is still in charge.
What I watch next is whether this higher volume leads to a push toward the top or bottom of that range.
#Aztec #Privacy
Decrypt reports that Aztec Labs relaunched zk.money, a self-custodial wallet on Aztec Network that lets people send stablecoins privately using readable tags instead of long addresses.
I like this kind of progress. Private payments that normal people can use are a real gap. But tools like this take months to matter, and the ETH chart is living in the short term.
Here is what it shows. ETH is at 2,672, up 0.5% on the day but down 3.7% on the week, 4.2% under the 7-day high of 2,789. Volume is 1.37 times its 7-day average, so trading is picking up. Hourly RSI sits at 42.9, a bit on the weak side. More activity with soft momentum usually means both sides are fighting, not that buyers have won.
My view: neutral, no trade yet.
Above 2,789 with that volume holding, I turn bullish.
Below 2,600, the 7-day low, the weekly downtrend is still in charge.
What I watch next is whether this higher volume leads to a push toward the top or bottom of that range.
#Aztec #Privacy
