We might get some news over the weekend what they have been discussing behind closed doors.

Overall, selloff has been ok-ish.
SPX pump into the weekend softened it

^Doesnt seem like this considering everyone is already leaving

Let's see how next week goes. Considering the summit, I think 73k is back in play if stocks continue to show weakness

I think the summit was most bearish for $XRP $ADA & co.

It is surpising how well they are holding up all things considered.

Either way, I trimmed more on my long-term $XRP bag.

Don't be fooled on many alts though.

Considering that 90% of all alts have fully retraced their pumps, some even further, I don't think there is much lower to go, !unless! we really enter a big bear market.

The ones that are still up big, have more downside. The ones that are just back in the multi-year long accumulation ranges shouldn't go much lower.

Still, something that goes from $1 to $5 and back to $1 can still go to $0.5.

👋 #AVAX Three Avalanche Foundation directors have voluntarily resigned.

For the last 4 months, every time we have had a day like this, we got a nuke afterwards.

$ETH log chart explains the previous cycle top at 4.1k

When adding a few more trends, $ETH really looks bad. Wow. It lost every single support.

Only when you take these absolute wick lows on a non-log chart, we are above 1 lost uptrend. We do have this supporting liquidity zone as well between 1900-2000.

Bulls really need to step in here to safe this sinking ship.

As Weekly

BTW, ETH has really gotten a lot cheaper.
>1$ for a TX, sub $0.1 for TX on L2s.

2017/2018 you could pay up to $200 and L2s just last year were >$5 per TX.

The traffic has decreased but there have been quite a few optimizations on ETH and L2s as well as DEXs.

$ETH has also lost the 200W MA.
Historically, It has spent between 4 and 9 weeks below and then pumped above.

This would mean end of April.

Maybe we just hover around this current 1.9-2.2k range until May.
Every time it closed a weekly above the 200W MA after hovering below it, ETH pumped 60-150%

https://x.com/rovercrc/status/1898429007609331970

Bullish for eth. Bearish for LDO?