Global Inflation and Fed Rate Outlook Weigh on Ethereum Prospects

Key Facts

The ETH price has maintained a technical floor above $2,360, supported by a 'Golden Cross' signal, but new selling pressure has emerged following a massive exchange deposit. Reports indicate that Garrett Jin moved $396 million worth of ETH to Binance, a move that typically signals potential liquidation and increased supply. While trading remains concentrated below the $2,400 resistance with a long-term target of $2,700, this whale activity introduces immediate downside risk. Market participants are now weighing the bullish technical setup against the threat of a large-scale sell-off. Sustaining momentum above key support levels is now critical as the market processes this influx of liquidity. The path to recovery remains contingent on institutional demand and the broader macroeconomic environment.

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