Heavy put buying in GLD and SLV was a dead giveaway about the growing nervousness of the precious metals trade. Yesterday that nervousness turned into a fever. Selling fever.

ETH drops below $2,800 to $2,700 as charts point to potential 22% decline toward $2,100 target with key support at $2,500.

This week reinforced a key message for investors: markets are transitioning from broad AI enthusiasm to a more disciplined phase where earnings quality, capital efficiency, and macro resilience matter more than narratives.

Chainlink shows short-term rebound from oversold levels near $10.83.