$ETH sitting at $2,325 while BlackRock tokenizes on it, stablecoins settle on it, and Wall Street builds infrastructure on top of it.

This is the second test of a multi-year support band that's held since 2018. Last time it got tested twice? $ETH ran from $90 to $4,800.

Same technical setup. Same market silence. Same underestimation.

Everyone's chasing narrative coins while the actual infrastructure layer that institutions are building on trades like it's dead. Classic late-cycle misprice.

If this band holds again, the move could be violent. Risk/reward at these levels is absurd for anyone with a 6-12 month horizon.