đWhy did $ETH fall below $2,400?
It wasn't just Ethereum.
ETH was already struggling to reclaim $2,500, then three pressures hit together: the Senate's CLARITY Act setback triggered a broader crypto sell-off, the U.S. 10Y yield briefly crossed 5%, and markets moved toward a ~92% probability of a 25bp Fed hike.
That combination matters because ETH is particularly sensitive to changes in liquidity/risk appetite.
The interesting part: this breakdown came after ETH had already rejected around $2,600, so the $2,400 loss looks more like an acceleration of existing weakness than a completely new shock.
I wouldn't automatically call it âETH is bearish.â The market is digesting regulation + rates + yields simultaneously.
The next question is whether $2,400 becomes resistance or ETH can reclaim it after the Fed volatility clears.
DYOR â this is market commentary, not financial advice.
#EthereumFallsBelow$2400 #FedRateWatch #USSenateBlocksClarityAct #US30YTreasuryYieldTops5.40%
$ETH
It wasn't just Ethereum.
ETH was already struggling to reclaim $2,500, then three pressures hit together: the Senate's CLARITY Act setback triggered a broader crypto sell-off, the U.S. 10Y yield briefly crossed 5%, and markets moved toward a ~92% probability of a 25bp Fed hike.
That combination matters because ETH is particularly sensitive to changes in liquidity/risk appetite.
The interesting part: this breakdown came after ETH had already rejected around $2,600, so the $2,400 loss looks more like an acceleration of existing weakness than a completely new shock.
I wouldn't automatically call it âETH is bearish.â The market is digesting regulation + rates + yields simultaneously.
The next question is whether $2,400 becomes resistance or ETH can reclaim it after the Fed volatility clears.
DYOR â this is market commentary, not financial advice.
#EthereumFallsBelow$2400 #FedRateWatch #USSenateBlocksClarityAct #US30YTreasuryYieldTops5.40%
$ETH