- Ethereum is consolidating under a weekly supply zone after a liquidity flip — taking lows first, then highs
- Price has now left a clean pool of liquidity underneath current levels that could act as a magnet
- Vitalik Buterin stressed the importance of Ethereum staying private and resilient to remain a viable alternative to cash
- Nordic countries are pivoting back to cash due to the fragility of centralized digital payments — a wake-up call for the crypto narrative
- Technically and philosophically, Ethereum is at a critical moment
Ethereum has been dancing on a wire lately.
Price is now three days deep into consolidation, sitting just under that weekly supply zone we marked some time ago. Initially, we were watching for a grab of liquidity above, followed by a drop.
Instead, price flipped the script — sweeping the lows first, then running the highs.
That move wasn’t random.
Right now, price is hovering in a tight range, but there’s fresh liquidity building below.
And if you’ve been around long enough, you know what that often means: one more flush could be on the table before the next real leg.
Now let’s zoom out a bit.
Vitalik Buterin, Ethereum’s co-founder, recently reminded us of something bigger than short-term setups.
In a recent post, he stressed the need for resilience and privacy in Ethereum, especially if the network wants to stay relevant as a real alternative to cash.
What’s wild is that countries like Sweden and Norway — once all-in on going cashless — are now reversing course, going back to physical cash.
Why? Because centralized systems can be fragile. That hits different when you realize Ethereum could fill that gap… if it stays decentralized, private, and robust.
So yes, there’s a liquidity pocket below that might get tapped soon. Yes, we’re under supply, and things look a bit heavy. But behind the price action, there’s a deeper narrative taking shape. Ethereum isn’t just fighting resistance levels — it’s fighting for its identity.
That’s what I’ll be watching in the days ahead. Both on the charts… and off.
