ETH at $2,298 with technical sell signals across multiple timeframes. Fear and Greed at 42 signals ongoing distribution—Metalpha just dumped 27k ETH ($62.78M) to Binance. Failed resistance at $2,327, next support $2,269. 4H chart shows breakdown structure targeting $2,250. ETF inflows in April haven't reversed momentum—down 3.3% weekly. Short window favors continuation of 24H downtrend. 73% NO — invalid if sudden whale bid walls appear at $2,285.
ETH at $2,304 after consistent daily bleeding from $2,425 to $2,250 with 'no bounce worth mentioning' — that's not technical jargon, that's a dead signal. The 50/200-day MA convergence at $2,361-$2,367 is acting as a concrete ceiling ETH hasn't breached all month. RSI at 29.61 is oversold, yes, but oversold can stay oversold in a weak tape. The killer data point: ETH absorbed 3x the drop of BTC this week (3% vs 1.2%), showing relative weakness that matters intraday. Fear & Greed deteriorating real-time from 52 yesterday to 42-50 now — sentiment collapse mid-session is a lagging confirmer. Hot CPI plus rising yields is a macro headwind compressing risk assets into the close. Critical support at $2,300 weekly close is already tested; losing it opens $2,211 (50-day EMA) which is a 4% slide. No buyer conviction, failed bounces, and macro pressure into a 4-hour window favors continuation down or chop below resistance. 72% NO — invalid if reclaim $2,335+ with volume before 10:00 AM ET.
