Is this the moment crypto finally crosses the chasm into everyday use? That's the question on everyone's mind with the news that MetaMask and Mastercard are launching a crypto card with 3% cashback in USDC. It’s a significant piece of infrastructure, no doubt. But for a trader, news is just noise until it prints on the chart. My on-chain analysis bitcoin flow this morning was neutral, so while the long-term adoption story gets stronger, my short-term trading plan remains disciplined and focused on key levels.

Last week was a grind. Bitcoin chopped around the low $66,000s before this recent push above $68,000. Ethereum lagged for a bit but has shown some real strength, decisively clearing $2,000. Honestly, it was a market that punished impatience. I mostly sat on my hands, managing my core BTC position and waiting for a clear setup. The market feels heavy, but these small pops show there are still buyers lurking.

• Bitcoin (BTC) Support: $66,800 (previous resistance), $65,500 (key structure).
• Bitcoin (BTC) Resistance: $69,000 (psychological), $71,500 (local top).
• Ethereum (ETH) Support: $2,020 (retest zone), $1,950 (major support).
• Ethereum (ETH) Resistance: $2,140 (next major hurdle).

Let's be clear about this MetaMask card. It's a fantastic development for usability. I've been in this game since 2017, and I remember the dark ages of trying to off-ramp crypto. It was a nightmare. This card makes spending crypto from a self-custody wallet seamless. Huge win. The 3% cashback in USDC is a smart move, keeping value locked within the crypto ecosystem instead of immediately bleeding out to fiat. It's the kind of thing Luna Park would appreciate, as it directly addresses the user experience friction in DeFi.

But will it pump the price of ETH tomorrow? No. This is a slow burn. It’s about building the rails for the next wave of users. It’s a sign of maturity, a far cry from the rug pulls and vaporware I saw in my early days. This is how we win long-term, by building real products. It doesn't, however, change the fact that open interest is elevated and funding rates could flip negative on a dime. I trade the market we have, not the one we hope for.

With the renewed strength in ETH, it's at the top of my watchlist. While some are chasing this pump, my experience from the 2018 crash taught me to wait for a retest. I'm looking for a controlled dip to confirm the previous resistance as new support. My on-chain data from Glassnode this morning showed a slight uptick in ETH exchange outflows, which supports a bullish thesis if we can hold structure. This is a clearer signal than what you might see in traditional markets right now; I know Jake Morrison has been pointing out some conflicting macro data, but on-chain, the picture for Ethereum is firming up.

I'm targeting an entry on a pullback to the $2,020 - $2,040 zone. This area represents a confluence of the 21 EMA on the 4-hour chart and a key horizontal level. My plan is to build a position there, not just ape in. My stop loss would be a clean break and close below $1,950 on the daily, which would invalidate the bullish structure. My first target is the resistance at $2,140, where I'll take off half my position and move my stop to entry. This is my bread-and-butter setup: confirmation, entry on a retest, and clear risk management. It's not sexy, but it's what keeps you in the game.

This card is a sign we're moving in the right direction, but we're traders first. The market doesn't pay you for being a long-term optimist; it pays you for managing risk and executing a plan. So, my question is this: which will have a greater impact on price in the next 12 months—slow, steady infrastructure builds like this card, or the speculative frenzy of a spot ETF approval?