Ethereum: Ossification Push Follows Logan Critique

Ethereum must ossify rapidly to anchor global financial rails, @Gajpower argued on May 20 2026 in direct rebuttal to Logan Jastremski who labeled the chain an overvalued artifact and dismissed L2 scaling as pointless compression on low-throughput rails.

With price at $2114.6 on the 4h chart, Ethereum trades inside the Bollinger band while testing upper resistance at $2150.42; the EMA50 at $2176.89 and EMA200 at $2242.89 form concrete overhead resistance that has capped every bounce since the last 12-month high, confirming the prevailing bearish trend structure. Momentum shows RSI at 39.3 in neutral territory yet MACD registers a bullish golden cross at -14.83, hinting that any sustained push above the upper band could trigger a short-covering move toward the 50-EMA before fresh selling pressure resumes.