#EthereumDropsBelow$2400 👀 Is $ETH in trouble?
Let's break it down:
$ETH slipped to ~$2,360, down 6% in 24h.
Lowest since August.
Reason?
→ US CPI 3.7% (hotter than expected)
→ Fed rate hike fears back
→ $106M+ ETH longs liquidated on Binance in just 1 hour
→ Derivatives volume 9x more than spot = panic amplified
But here is the interesting part:
Whales are actually cutting their shorts while retail is panicking.
Smart money vs scared money.
BTC also below $81K, so whole market is shaking.
This is not the first time ETH tested patience below $2.4K.
Every dip looked like the end, until it wasn't.
So what now?
Are you seeing this as a buy the fear moment or are you waiting for $2,200?
I am just watching, not selling in panic.
Not financial advice, just my personal view. NFA DYOR.
$ETH #Ethereum #Crypto #BTC
Let's break it down:
$ETH slipped to ~$2,360, down 6% in 24h.
Lowest since August.
Reason?
→ US CPI 3.7% (hotter than expected)
→ Fed rate hike fears back
→ $106M+ ETH longs liquidated on Binance in just 1 hour
→ Derivatives volume 9x more than spot = panic amplified
But here is the interesting part:
Whales are actually cutting their shorts while retail is panicking.
Smart money vs scared money.
BTC also below $81K, so whole market is shaking.
This is not the first time ETH tested patience below $2.4K.
Every dip looked like the end, until it wasn't.
So what now?
Are you seeing this as a buy the fear moment or are you waiting for $2,200?
I am just watching, not selling in panic.
Not financial advice, just my personal view. NFA DYOR.
$ETH #Ethereum #Crypto #BTC