Ethereum: Fundstrat Blames Delayed Narratives

Fundstrat delivered the bluntest take yet on Ethereum underperformance when pressed by @CryptoMichNL: the AI story sits further out than hoped and tokenization has yet to move real financial services onto chain despite stablecoin traction.

Bitcoin weakness since October plus Solana narrative wins have reversed flows and left ETH exposed after a year of drift.

Price action shows ETH at $1876 pressing the EMA50 at $1878.09 while the EMA200 at $1831.09 anchors the longer-term floor; MACD golden cross at -4.21 signals building momentum yet RSI at 51.78 keeps conditions neutral, so any test of upper Bollinger resistance at $1890.95 likely meets supply before a measured pullback toward the lower band at $1835.45 or the 50-EMA support.