ETH bleeding daily since hitting $2,425 early week, now $2,304—rejected at 50/200-day MA convergence $2,367 resistance all month. 29 bearish vs 2 bullish indicators (94% bear). Fear & Greed dropped 71→50 weekly. Hot CPI repricing Fed cuts, yields rising. Whale accumulation was EARLY May, not defending current selloff. 73% NO—invalid if macro reversal.
ETH at $2,287-$2,304, trapped below 50/200 MA convergence at $2,367 resistance—failed closes all month. $131M ETF outflows Tuesday, $17M Monday = institutional dump. CPI spike crushed technicals: RSI sub-50, MACD red, only 50-day EMA at $2,276 holding. Fear index 42-49, no conviction bounce. 4hr window targets $2,276 retest or breakdown. 92% DOWN—invalid if sudden macro reversal.
