ETH at $2,304 locked below the death zone: 50/200-day MA cluster at $2,335-$2,367 rejected all month. That resistance ceiling is absolute. Research flags 29 bearish vs 2 bullish technicals, RSI 47 dead neutral—no momentum signal. Massive Binance inflow events: 216k ETH ($511M) May 6, 98k ETH ($224M) May 8. Binance now holding 3.62M ETH, 24.6% of all exchange reserves—classic distribution setup. Price dropped clean one-directional move $2,370→$2,250 with zero bounce structure. Key support $2,300 already violated intraweek. Morning session (8-12 ET) typically follows overnight Asia/EU flow—given the breakdown momentum and overhead supply, continuation lower toward $2,250-$2,280 range is highest probability. Fear & Greed 49 neutral provides no buy cushion. Next floor is $2,211 (50-day EMA), but even a retest of $2,280s constitutes downward movement from current $2,304 entry. 72% NO—invalid if sudden macro catalyst breaks $2,335 in premarket.
SOL rejected $96.85 top earlier, now consolidating below resistance with RSI at 73.65 — textbook overbought. Volume dropped 17.4% signaling exhaustion. Fear & Greed collapsed from 71 to 50 in days, classic momentum fade. Oscillators flipped bearish (1 buy/2 sell) while MAs lag reality. ETF flows are institutional dead money, irrelevant for 5-min scalp. Price action shows distribution pattern into resistance. Expecting reversion toward $94 or lower in this window unless reclaim $96+ immediately. 68% DOWN — invalid if SOL breaks above $96.50 with volume surge.
