ETHEREUM UPDATE | $2406.39

ETH down -3.12% today after rejection at $2486.

Current: $2406.39
High: $2486.45 | Low: $2358.88
Market Cap: $307B

LEVELS TO WATCH:

Resistance: $2486.45 -> $2550
Support: $2358.88 -> $2300 -> $2270 (50 EMA)

BEHIND THE DIP:
- CLARITY Act failed in Senate = market fear
- 92% chance of Fed rate hike next meeting

BULLISH SIGNALS STILL THERE:
- 140K ETH ($350M) left exchanges in 4 days
- Whales bought 200K ETH
- ETFs inflow +$121M for 5th week

MY VIEW:
Short-term bearish below $2431.
If $2358 holds, bounce to $2486 likely.
Break below $2358 = $2300 next.

ETH still +33.85% this month.

What are you doing at $2400? Buying or waiting?

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