ETH trapped in $2,257-$2,306 intraday chop after bleeding from $2,425 weekly high down to current $2,304 — that's a 5% dump with zero meaningful bounce structure. The 50/200 MA convergence at $2,367 is acting as hard resistance; ETH hasn't closed above it all month, and now price sits 2.7% below that rejection zone. Post-CPI selloff accelerated through rising yields and stronger DXY, with ETH absorbing 3x BTC's drop velocity — classic risk-off behavior. Moving averages flash 8 Sell vs 4 Buy signals across timeframes. Fear & Greed at 42-49 is neutral-fear territory, not capitulation levels that trigger reversals. Current price near session highs (~$2,304) but it's a weak grind, not volume-driven recovery. Next 5-minute bar likely drifts lower or consolidates below $2,300 as momentum fades into early afternoon volume taper. No catalyst to breach resistance in sub-hour window. 78% NO — invalid if surprise macro headline or whale bid wall materializes above $2,315.
