Don't rush to the left side; wait until the spot demand comes back before speaking.

𝐄𝐓𝐇𝐄𝐑𝐄𝐔𝐌 𝐈𝐒 𝐍𝐎𝐖 𝐁𝐄𝐋𝐎𝐖 $𝟐,𝟑𝟎𝟎 ⚠️

And the pressure on Ethereum is starting to increase again.

Right now, several bearish factors are aligning at the same time:

🔶 ETF flows have turned negative
🔶 Whale selling activity is increasing
🔶 ETH continues struggling below resistance
🔶 Spot demand remains weak

The market is now watching one critical zone:

👉 $2,400

Why does this level matter so much?

Because structurally, Ethereum needs to reclaim and HOLD above this region to confirm that buyers are regaining control.

Without strong spot demand above $2.4K:
▫️ rallies may continue failing
▫️ liquidity grabs can increase
▫️ downside volatility remains possible

Currently, the chart shows Ethereum stuck between:
🔸 key resistance near $2,400
🔸 support around the $2,150 zone

That creates a dangerous environment where:
➡️ bulls need momentum quickly
➡️ otherwise sellers maintain the advantage

Another major concern is ETF flow behavior.

Historically, when ETF inflows weaken while whales distribute:
🔶 short-term sentiment deteriorates rapidly
🔶 retail confidence weakens
🔶 leverage becomes vulnerable

And that’s exactly what the market is beginning to experience now.

Still, this is NOT yet a confirmed macro collapse.

Ethereum has repeatedly shown that once:
▫️ spot demand returns
▫️ ETF inflows stabilize
▫️ BTC volatility cools down

…it can recover aggressively and outperform very quickly.

For bulls, the roadmap is simple:

✅ reclaim $2,400
✅ hold above resistance
✅ confirm strong spot buying
✅ push toward the $2,600–$2,800 liquidity zones

But until that happens, Ethereum remains in a fragile structure where every failed breakout increases downside risk.

The next few sessions around the $2.3K–$2.4K range could decide Ethereum’s next major move. 🚨

$ETH ‌#GateSquareMayTradingShare