Michael Saylor: Ethereum Confidence Collapses
Michael Saylor declares Ethereum confidence collapsed with ETH at $1623.48 as Bitcoin dominates, per 4h chart analysis showing EMA50 resistance at $1709.89.
SourceAnalysis
Michael Saylor declared confidence in Ethereum has collapsed, calling out Bitcoin as the only dominant digital monetary network while dismissing altcoins as lacking monetary utility.
Price action on the 4h chart shows ETH trading inside Bollinger Bands with upper resistance at $1711.41 and lower support at $1604.99; the neutral RSI(14) at 42.49 combined with MACD golden cross suggests a probable retracement to EMA50 support near $1709.89 before any sustained move higher amid ongoing ETH price prediction scrutiny.
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