Yat Siu: CryptoPunks Superior Levered Bet on Ethereum

Yat Siu, co-founder of Animoca Brands, told @CryptoMichNL that CryptoPunks deliver superior leverage to Ethereum itself, comparing the blue-chip NFTs to Picasso paintings that outpace broader economic growth.

Retail should anchor portfolios in liquid majors such as Bitcoin, Ethereum and Solana, then layer cultural assets like CryptoPunks only when conviction and capital allow, while labeling memecoins strictly as entertainment rather than strategy. On the 4-hour chart, ETH trades at $1673.02 inside the Bollinger Bands with price pressing the upper resistance at $1700.63 that coincides exactly with the EMA50; the neutral RSI at 52.85 and MACD golden cross sit against the bearish structure defined by the distant EMA200 at $1960.63, pointing to a probable retracement toward the lower band support at $1610.85 before any continuation higher.