MNFund: Returns 1.16% as May Crypto Market Retreats

MNFund closed May with a 1.16% gross return while Bitcoin surrendered April gains and Ethereum fell harder, ending a multi-year run of positive May returns for crypto.

Since inception the fund sits at -3.41% against ten consecutive red monthly candles for Ethereum and 70-90% drawdowns across most altcoins. On the 4h chart ETH trades at $1610.71, pressing the lower Bollinger Band support at $1621.2 while the RSI at 16.75 signals deep oversold conditions and the MACD death cross at -78.8 keeps the broader structure bearish below both the EMA50 at $1896.26 and EMA200 at $2097.71.