$ETH TECHNICAL + MARKET UPDATE 📊
ETH is sitting near the lower end of a major daily range.
The chart has been moving between roughly $2,520 resistance and $2,360 support, creating a clear range structure.
Now ETH is testing the lower boundary.
A confirmed daily breakdown below $2,360 could open the door toward $2,320 and $2,280.
But there is more happening in the market.
The CLARITY Act failed to advance in the U.S. Senate, adding fresh pressure to crypto.
Now all eyes are on the FOMC decision today.
The Fed decision and, more importantly, the guidance that follows could bring another major volatility move across BTC and ETH.
So $2,360 remains the key technical level I'm watching.
Break and confirm below it → bearish structure strengthens.
Hold it and reclaim the range → breakdown could turn into a false move.
Technical structure + macro catalysts.
Let's see which one controls the next move.
NFA.
$ETH #Ethereum #Crypto #FOMC #CLARITYAct
ETH is sitting near the lower end of a major daily range.
The chart has been moving between roughly $2,520 resistance and $2,360 support, creating a clear range structure.
Now ETH is testing the lower boundary.
A confirmed daily breakdown below $2,360 could open the door toward $2,320 and $2,280.
But there is more happening in the market.
The CLARITY Act failed to advance in the U.S. Senate, adding fresh pressure to crypto.
Now all eyes are on the FOMC decision today.
The Fed decision and, more importantly, the guidance that follows could bring another major volatility move across BTC and ETH.
So $2,360 remains the key technical level I'm watching.
Break and confirm below it → bearish structure strengthens.
Hold it and reclaim the range → breakdown could turn into a false move.
Technical structure + macro catalysts.
Let's see which one controls the next move.
NFA.
$ETH #Ethereum #Crypto #FOMC #CLARITYAct
