Base: Recovers From Block Production Issue
Base network recovers after block production halt on the Coinbase-backed Ethereum L2, with ETH at $1563 amid bearish 4h structure.
SourceAnalysis
Base restored operations following a block production issue on the Coinbase-backed Ethereum L2. The outage lasted under an hour before validators resumed sequencing. Over the past year Ethereum L2s have faced repeated sequencer hiccups yet maintained uptime above 99 percent. ETH trades at $1563.02 inside the Bollinger band with lower support at $1543.59. Price sits below both EMA50 at $1679.11 and EMA200 at $1831.46 while MACD prints a death cross at -36.14 and RSI holds neutral at 32.31. Institutional desks note that any sustained push above the upper band at $1753.51 would require a decisive reclaim of the 50-EMA before fresh longs appear.
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