Visa: Launches Stablecoin Settlement on Base

Visa now handles stablecoin settlement directly on Base, the Ethereum Layer-2 network, as announced by Jesse Pollak, head of protocols at Coinbase. This move streamlines cross-border payments, leveraging USDC for faster, cheaper transactions and signals deeper traditional finance integration into crypto ecosystems. With Base's rapid growth over the past six months, surpassing 100 million daily transactions, this partnership could accelerate mainstream adoption, echoing Bitcoin's recent surge to new highs amid global hype.

From a technical confluence perspective, ETH trades at $2245.42 in a bearish structure, pressing against the EMA200 resistance at $2252.73 while the EMA50 looms overhead at $2306.23 as a key barrier to any upside. MACD confirms the death cross with a -17.73 reading, underscoring persistent selling pressure, yet RSI at 39.42 stays neutral, hinting at potential consolidation. Price hugs the middle of Bollinger Bands, with upper resistance at $2365.44 capping rallies and lower support at $2219.95 offering a cushion—watch for a breakdown here if volatility spikes, setting up an ETH price prediction of retracement before any rebound in this crypto market environment.