ETH bleeding at $2,304 after failing multiple attempts at $2,367 MA convergence resistance all month. Exchange reserves spiked to 3.62M ETH on Binance—coins sitting ready for distribution. Technical sentiment ratio 29:2 bearish, RSI neutral at 47 offers no reversal signal. Fear & Greed deteriorated 49→52→71 trajectory reversed. CPI macro shock hit ETH 3x harder than BTC (2.7% vs 1.2%), USD strength crushing alt exposure. No catalyst for 5-minute bounce into close. Targeting $2,280-$2,250 support grind. [72]% NO — invalid if sudden BTC whale bid triggers sympathetic bounce above $2,315.
ETH at $2,304, weekly close rejection at $2,367 resistance cluster, fear index collapsed 71→50, Binance inflows spiking (distribution signal), CPI-driven macro pressure, breaking $2,300 weekly support targets $2,250-$2,280 floor. 78% NO — invalid if sudden regulatory clarity catalyst pre-hearing.
