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The mistress is now the most helpless: bullish signals are piling up, but the price is staying flat💥
The price is firmly stuck below 2300 and weakening, but ETF inflows, on-chain recovery, exchange inventory hitting new lows, and upgrades being implemented are all positive fundamentals.
The reason the market isn't rising is due to the Federal Reserve's hawkish stance, with interest rate cuts still far off.
BTC relies on reserve narrative to resist decline, ETH is affected by risk sentiment, and the market becomes even weaker when sentiment is cautious.
2300 is ETH's short-term critical level; only a stable hold will attract capital inflows for recovery, if it can't hold, it will continue to grind lower.
Currently, ETH is like a compressed spring, under triple macro pressure; when the pressure eases, it rebounds, but if the pressure doesn't decrease, it will grind at low levels.
Don't blindly go long or short, just wait for three signals: holding above 2300, Bitcoin stopping its decline, and continuous capital inflow.
Do you think ETH is accumulating at the bottom, or will it drop further? Share your thoughts in the comments!$ETH #美国寻求战略比特币储备