On the 30-minute chart, a bullish pennant pattern emerged, like a phoenix from the ashes, after a strong upward thrust from the $6.80 region. Crypto Joe, that esteemed sage, observed the pattern’s consolidation between $7.22 and $7.30, before the breakout, a clarion call to the bulls, occurred 📣.
But what, you may ask, is the grand vision of Kuru Labs? Ah, dear reader, it is nothing short of revolutionary: to create a central-limit orderbook (CLOB) combined with automated market-making capabilities for Monad, that super-fast version of Ethereum that has been making waves in the crypto world 🌟.
In an X post, the ever-optimistic Believer pointed out that ETH has reclaimed key Fibonacci support at $2,572 and is now grinding higher toward the resistance level. The immediate focus is on flipping $2,605 into support, which would confirm short-term bullish control and open the door toward $2,665, the next key resistance level. It’s like trying to push a boulder uphill, but with a bit of luck and a lot of determination, the bulls might just manage it. 🏃♂️💪
1. Pi2Day Has Been Milked Dry 🥛: Did you thrill at June’s Pi2Day, AI deals, and new merchants? Congratulations on your disappointment! These ephemeral bursts of hope, like so many Dostoevskyan love letters, were written in a fever and forgotten by breakfast. There was excitement, yes, but no capital—just the sweet perfume of collective delusion. The market, ever the jilted lover, has sobered up.
Let it be known: this draft, EIP-7983, would decree a cap—a massive 16.77 million gas units per transaction. The numbers fatigue the soul, but take them seriously, for in the current order a single transaction may devour an entire block’s ration, sowing chaos like an unruly commissar at a breadline. 🍞