Vitalik challenges the ETH burn narrative; $ETH risks retesting $1,970
Vitalik just publicly challenged the ETH burn narrative, puncturing Ethereum’s story. In the short term, there’s a risk of retesting $1,970. This isn’t about sentiment—the fundamentals are being repriced, and I see that clearly.
ETH is the main character, and $1,970 is the key level. Meanwhile, $BTC is currently at $71,407, while SOL is at $80.98. The three coins are each going their own way. Money is clearly shifting around, and everyone’s playing their own game.
On Ethereum, Vitalik’s questioning of the burn has led the market to reprice ETH. I think it’ll be hard for ETH to stabilize in the short term. $1,970 is the short-term dividing line; if it breaks, ETH will keep probing lower. That’s my view—the market will prove me right or wrong.
BTC and $SOL haven’t gone down with ETH. BTC is consolidating at a high level around $71,407, while SOL is holding at $80.98. That shows money hasn’t left crypto; it’s just flowing from ETH into other sectors. Rotation is underway, so don’t get stuck holding the bag because of a narrative.
Old Ma’s puppy is watching the spectacle from here. No one should be surprised that money is shifting around. Tonight, we’ll see whether ETH breaks below $1,970. Whether it can stay alive depends on this line. I’ll review it tomorrow.
🐶 Come check out Old Ma’s puppy ✨🚀
Vitalik just publicly challenged the ETH burn narrative, puncturing Ethereum’s story. In the short term, there’s a risk of retesting $1,970. This isn’t about sentiment—the fundamentals are being repriced, and I see that clearly.
ETH is the main character, and $1,970 is the key level. Meanwhile, $BTC is currently at $71,407, while SOL is at $80.98. The three coins are each going their own way. Money is clearly shifting around, and everyone’s playing their own game.
On Ethereum, Vitalik’s questioning of the burn has led the market to reprice ETH. I think it’ll be hard for ETH to stabilize in the short term. $1,970 is the short-term dividing line; if it breaks, ETH will keep probing lower. That’s my view—the market will prove me right or wrong.
BTC and $SOL haven’t gone down with ETH. BTC is consolidating at a high level around $71,407, while SOL is holding at $80.98. That shows money hasn’t left crypto; it’s just flowing from ETH into other sectors. Rotation is underway, so don’t get stuck holding the bag because of a narrative.
Old Ma’s puppy is watching the spectacle from here. No one should be surprised that money is shifting around. Tonight, we’ll see whether ETH breaks below $1,970. Whether it can stay alive depends on this line. I’ll review it tomorrow.
🐶 Come check out Old Ma’s puppy ✨🚀