ETH printing $2,304 after bleeding from $2,425 with no bounce, pinned under dual MA convergence at $2,361-$2,367—failed every daily close above this all month. 29 bearish vs 2 bullish technicals, 4H chart rejecting trendline resistance at $2,320-$2,350 zone. RSI 47 neutral but directional bias broken. CPI-driven yield surge and DXY strength still live, macro headwind active. Trading 4 bps above critical $2,300 weekly close support with $2,211 50-EMA next floor—elevated breakdown risk in 5-min window. 78% NO — invalid if sudden whale bid reclaims $2,330.
