Midweek Market Conclusions: Short-Term Momentum Stall

We observed a weak but clear risk-on impulse starting on Sunday and led by ETH and OTHERS.

However, momentum faded midweek.

The weakness is likely due to news fatigue (Iran de-escalation) and a lack of fresh catalysts.

We saw brief BTC native strength on Tuesday, which was likely driven by ETF inflows.

However, the resistance around $108,200 held, and we were not able to break through.

Meanwhile, NASDAQ continues its slow grind higher.

It's up 4% since Sunday, underperforming crypto-

Without broad follow-through, markets remain headline- and flow-dependent.

Since Sunday’s bottom:

- ETH is up ~13%

- BTC ~10%

- OTHERS roughly match BTC, underperforming ETH

(a more detailed report in my TG - link in bio)