💎 $ETH /USDT — 🔴 SHORT · Conf 85%
━━━━━━━━━━━━━━

📍 Entry: 2608.46 – 2624.16

🛑 SL: 2666.31

🎯 TP1: 2485.49
✅ TP2: 2380.84
🏆 TP3: 2223.86

━━━━━━━━━━━━━━

🔎 Price sits under MA25 (2,677.53) and MA99 (2,695.63), and the bounce is stalling at MA7 (2,615.07).

🧠 $ETH : Smart-contract L1 on proof-of-stake where fees are partly burned; L2s pulling activity off the base layer is the standing risk.

💬 Do L2s strengthen ETH as a settlement layer, or drain its fee base?

#ETH #Ethereum #Layer1 #ProofOfStake #Base