Ethereum had its update last week (Ethereum Improvement Proposal (EIP) 1559,); it was headed higher in the days and weeks leading into it and its gained since:

4HR candles:

Ethereum had its update last week (Ethereum Improvement Proposal (EIP) 1559,); it was headed higher in the days and weeks leading into it and its gained since:

Bitcoin, too, getting ahead; circa US$44K as I post.

As usual there is a bit of a scramble for narrative, Musk tweeted this:

  • Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology. There is no crisis that compels hasty legislation.

I bolded the bit catching the eye of some folks. Musk would be unlikely to be urging hasty legislation but there you go.