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Brothers, ETH is at a very critical position right now ๐
The price is fluctuating between 2280-2310, and the momentum from yesterday's failed push to 2500 hasn't eased yet. Bitcoin is hovering around 77,000, and altcoins can't rally on their own. Occasionally, someone tries to push to 2320, but it's impossible to move it.
Why can't it move?
The external environment is too chaotic: US-Iran talks have collapsed, crude oil prices are soaring, big funds are all avoiding risk, and ETF net outflows yesterday exceeded 50 million USD. The legislative window on May 25th also showed no movement, and Polymarket's probability dropped to 38%.
2300 is now just a temporary "safe haven," with trading volume embarrassingly low โ a calm before the storm.
Next:
๐ป If it can't hold above 2280 โ see 2200
๐บ If it stabilizes above 2350 โ then look at 2500
The 5-hour chart is full of small fragmented doji and yin-yang candles, with both bulls and bears waiting for news. Don't bet heavily on the direction here; a single needle can send people away.
If there's a real move: short lightly at 2330-2340, or wait until 2280 stabilizes before shorting or going long. Small stop-loss, wait for the wind. $BTC $ETH