Ethereum: Trader Urges Fee Market Reform

Ethereum faces urgent calls for fee market reform to merge blobs into a unified structure and eliminate price discrimination between mainnet and L2 users.

Daniel Oon highlighted that penalizing bursty demand and linking L1 fees to L2 blob fees could push $ETH toward five figures while a compound leverage policy would adjust inflation based on competitor pricing to protect market share.

Technical confluence on the 4h chart shows price at $1838.29 inside the Bollinger band with upper resistance at $2078.05 and lower support at $1810.25. The bearish EMA50 at $1986.95 and EMA200 at $2136.47 act as concrete resistance while RSI at 28.27 flashes oversold and MACD at -45.91 confirms the death cross, pointing to exhaustion that could force a test of the 50-EMA before any rebound.