ETH grinding at $2,304, down 3% weekly with zero meaningful bounce off $2,250 low. 50/200-day MAs converged at $2,367—hasn't closed above all month. TradingView flashing sell across 1W/1M timeframes, 29 bearish vs 2 bullish signals. F&G collapsed from 71 to 50 in 7 days, hot CPI nuked momentum via yield/DX squeeze. RSI 47 neutral but structure broken, $2,300 weekly close invalidates floor. Next leg targets $2,250-$2,280 zone. Whale accumulation irrelevant on sub-hour timeframe—tape control is seller-driven. [72% NO — invalid if sudden DXY reversal or surprise macro catalyst].
ETH rejected the 200-day MA cluster at $2,367 all month—selling off from $2,425 early week to $2,250, now hovering $2,287-$2,304 at 9:15 AM ET. ETF outflows hit $148M over two days, blunting demand while 4H chart shows 50-MA declining since May 9. Whale accumulation of 140K ETH failed to translate to price—distribution at highs likely. Fear & Greed at 40 (Fear) compounds weak momentum. Resistance at $2,340-$2,367 caps upside in this 4H window. Bias toward consolidation/drift lower in $2,280-$2,320 band. [68% NO — invalid if ETH closes 15-min candle above $2,367 on volume spike].
