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Hashmeta_x
If $ETH can't reclaim $2,800 with real volume, the likely path is a final squeeze to $2,850 to trap late longs, then a breakdown. Below $2,600, the next stop is $2,500, and if that fails, $2,350. The ETF flow reversal is the key signal. Until spot demand returns, rallies are for selling, not holding.
Hashmeta_x
$ETH is still in an uptrend, but the fuel behind it is thinning. Spot demand has been fading, and ETF inflows have flipped negative, which caps upside momentum. The market is struggling to hold gains above $2,700, and every push toward $2,800 gets sold. Without fresh spot buying, rallies look like exit liquidity. That's the setup.
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