HOLD ETH

MAR 13, 2026Bankless

ROLLUP: Chaotic Era | Oil, Jobs, Credit | Nasdaq x Kraken | BlackRock Staked ETH | Roman Storm Retrial

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Market decoupling was evidenced by crypto assets remaining resilient and bouncing despite a flight-to-safety dollar surge, spiking oil prices, and a massive bond sell-off.
“Crypto is starting to look less like an outsider and more like part of the financial core.”
— David Hoffman
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Financial core integration is accelerating through Kraken’s historic Fedwire breakthrough and its partnership with Nasdaq to bring tokenized stocks to market.
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Institutional yield access has reached a new milestone with BlackRock’s launch of a staked ETH ETF, signaling the mainstream normalization of on-chain staking rewards.
“Crypto is starting to look less like an outsider and more like part of the financial core.”
— David Hoffman

MAR 11, 2026Bankless

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L2 value leakage The Ethereum Layer 2-centric roadmap has successfully scaled the network but has temporarily weakened short-term value capture for the ETH asset by migrating high-margin transaction fees off the base layer.
“The L2 roadmap may have improved the network while weakening short-term value capture for the asset itself.”
— Michael Nadeau
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Fair value signals Key on-chain indicators, including MVRV ratios and the 200-week moving average, suggest that Ethereum is currently trading within a 'fair value zone' rather than a cycle top.
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Fundamental disconnect Despite robust growth in DEX volumes and stablecoin supply on the network, ETH price performance has lagged as the market reprices the asset's utility within a fragmented settlement ecosystem.
“The L2 roadmap may have improved the network while weakening short-term value capture for the asset itself.”
— Michael Nadeau