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$ETH is getting hit hard as leveraged longs unwind.
The short-term structure still looks weak, with $2,400 in focus and $2,300 as the bigger downside test if key moving averages fail.
Long from $2,750 still waiting for $3K? That target suddenly feels a lot farther away. 📉
Meanwhile, the Fed minutes are coming, while the 30Y Treasury yield just touched 5.70%, adding more pressure on risk assets.#US30YYieldTops5.7% #USCryptoRulesMoveAhead #HormuzTankerAttacks
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