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$ETH | A major buying opportunity? Or a deeply negative breakdown?
Ethereum has never broken below its 300-week moving average without quickly reclaiming it. That's a historical fact worth paying attention to.
We don't have a massive dataset for this MA, but every time it's been breached, it signaled serious underlying weakness. What concerns me more right now is the ETF data. The lack of meaningful inflows suggests institutional interest is simply not there.
On-chain metrics aren't helping either. Daily active users and revenue figures are far from bullish. The money just isn't flowing in, and the charts are reflecting that reality clearly.
My plan remains unchanged. Stay disciplined, watch for confirmation, and don't chase narratives without data behind them.
No financial advice, just market observations.
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