VanEck has paused efforts to advance a staked Ethereum ETF for Lido, dampening regulatory expectations for the staking sector. This is directly relevant to liquid staking assets such as CL. My overall view is that sentiment is bearish, but the chart has not yet broken down. The price is currently 99.2, up a modest 0.2% over 24 hours but still below the high of 101.5. It is 6.98% above the 1-hour low and 13.72% above the 4-hour low. The uptrend structure remains intact, but volume is only 6.441 million. Buyers stand at 47,000 versus 52,000 sellers, with a strength ratio of 0.91, giving sellers a slight edge. A funding rate of 0.0000% and 555,000 coins in coin-margined open interest indicate that longs are not overheated and sentiment is neutral to cautious. Prioritize risk management: consider a small long position on a pullback to 98.65, with a stop-loss at 97.35 and a target of 101.15. Limit risk per trade to no more than 1.5% of total capital. If the price breaks below 97.35, exit and stay on the sidelines; do not average down or hold through the loss.

— Personal opinion only; this is not investment advice. Wishing you successful trading. —

$CL#VanEck halts plans for a Lido staked Ether ETF