💎 ETH Outperforms, But Will It Stick?

GM, it’s JP time.

The good old  FOMC show is coming up later today at 6 PM UTC. Will the printer chief Powell bless us with some good news? Rates staying unchanged are basically priced in already, so all focus will be on Powell’s talk. The main thing we want to hear is dovishness. If we get any hint that QT is finally ending, we could have a real bounce on our hands.

This, combined with rising global liquidity, would be a great sign for the bottom (at least roughly) to be in. To quote Micheal Howell’s liquidity report today: “In nominal terms, global liquidity rose by US$233bn last week to US$173.8tr.” It’s on a good way; we just need a bit more juice.

Speaking of juice, Germany just announced a massive spending surge, planning to inject one trillion euros. Like we said last week, China and Europe are already on a roll; now we just need the US, and the global liquidity puzzle is complete.

Another factor that points us in the direction of bottom being close is the political uncertainty index. It’s quite rare for political uncertainty to be this high (only Covid spiked it higher than this), but historically, it’s always been a good time to buy risk assets for the long term.

Lastly, let’s pray today’s ETH pump isn’t the usual harbinger of death. There are some valid speculations about this being the bottom (at least in USD terms) for ETH. Check out this thread; it’s great hopium.

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The important bits.

• Ionet featured in new blocmates research article

• mETH Protocol announces EigenDA integration

• MaiaDAO releases new “Strategy detail page”

• CoreDAO explains how institutions can now earn yield on staked BTC

• Superseed teases mainnet launch and TGE soon

• Initia opens the wallet migration for those who missed, migrate here

• Shadow, 3,3 DEX on Sonic, reached $4,000,000,000+ volume

• Hyperliquid introduces HYPE staking tiers for fee discounts

Even more important bits.

• EU is preparing digital euro CBDC for October 2025

• Coinbase introduces Coinbase Verified Pools

• Ripple CEO Brad Garlinghouse declares victory after SEC officially drops lawsuit

• North Caroline files to invest 10% of public funds into Bitcoin

• Solana has announced their Web3 mobile device, Seeker

• Justin Sun says it’s “Tron Meme Season”

• Microsoft has discovered a new trojan, StilachiRAT, targeting cryptocurrency wallets

• Arizona’s crypto legal tender bill has just passed the House Commerce Committee

Charts and stats of the day.

• Long-term holders are actively accumulating #Bitcoin, adding over 167,000 BTC

• 1,000,000,000 USDT minted at Tether Treasury

• US consumer sentiment is falling sharply

• Long/Short Hedge Funds are now the least long stocks since AT LEAST 2020

• US Industrial Production umps to record high

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SOLUSDT 1W Binance

Staying high timeframe, my $SOL buy zone has held up well for a few weeks now. This $130 to $110 level has been a good buy going back almost a year now—check out all those wicks down last year. $143 is the big level to close the weekly above. That would get us out of the cloud and above the point of control resistance (white line).

I’d take that as confirmation that we will likely get a decent bounce into month-end, which has been my thesis for BTC for a couple of weeks. If we can trend higher through $143 resistance, $200 is the next trouble area after that. The ichimoku bull trend is unbroken as long as that blue line (tenkan) does not cross down over the red one (kijun). Here’s rice trading OG Josh Olcewicz, with some Ichimoku basics if you’re in need of a primer.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Smart-money movements on Solana showing some noticeable outflows from Fartcoin. Despite that, hot air is still rising since we saw the inflows yesterday, up 25% on the day.

Smart-money movements on Ethereum showing nice bounces on ENA for DeFi, and PEPE. If PEPE strength continues, watch for close meme leaders on ETH like CULT and MOG.

Time to bake some BREAD.

After a long time, we might a real blue chip ponzu on our hands. BakerDAO is launching tomorrow and I’m definitely planning to participate.

Make sure to follow the official BakerDAO guide tomorrow, I’m hear this one is UpOnly technology:

• Taproot Wizards (Ordinals) - Mint date announced

• Regnum Aurum (RWA)

• GoHodl (AI Trading app)

• Origami Finance (Berachain)

Today, I’ll leave you with some great wisdom from our own based mogger Krix. Read it in full, and remember, you are in the right place at the right time. Just don’t quit.

stay safe homies,

Hix0n 🫡