Bottom line: The news is just a catalyst; the market structure is what matters.
ETH fell below $2,300, down 1.52% on the day.
$ETH Currently at 2,301.29, down 2.72% over 4h and 2.41% over 24h.
With bearish news in play, first watch whether the previous low holds; if it breaks, look to the next support level.

#ETH

For reference only. You are responsible for your own gains and losses.