ETHUSDT Ethereum Signal Flow

SMT: 50/200-day MA cluster at $2,361–$2,367 forms a confluence wall — ETH touched $2,423 mid-week but gave it all back. This rejection pattern mirrors BTC's $83K failure. Entry at $2,385– $2,415 supply zone (76.4% Fib retracement of $2,423→$2,265 swing). High beta amplifies BTC downside: if BTC drops 3%, ETH likely drops 4-5%. Large-holder activity driving consolidation suggests distribution, not accumulation at these levels. RSI above 50 but MACD momentum fading. Risk: Pectra upgrade hype or ETF inflow surge could invalidate — SL above $2,480 breakout.