Attention

Worldcoin

Grayscale

Narrative

Gains

Ethereum<a href="https://yellow.com/asset/eth" rel="noopener noreferrer nofollow">(ETH)</a> slipped below $2,300 and touched a $2,256 low, leaving traders watching the $2,250 zone for the next directional cue.
<h2 id="eth-price-breaks-2-320-floor">ETH Price Breaks $2,320 Floor</h2>
The selloff <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-pulls-back-to-2250/" rel="noopener noreferrer nofollow">unfolded</a> on Apr. 29, with NewsBTC analyst Aayush Jindal flagging a clean break of the $2,320 level and the 100-hourly <a href="https://yellow.com/learn/simple-moving-average-sma-complete-guide-to-this-essential-trading-tool" rel="noopener noreferrer nofollow">simple moving average</a>.
Price spiked to $2,256 before consolidating. A bearish trend line now caps recovery attempts near $2,300 on the hourly chart.
Investing.com data <a href="https://www.investing.com/analysis/ethereum-price-lags-despite-strong-etf-flows-and-treasury-buying-200679226" rel="noopener noreferrer nofollow">pegged</a> ETH between $2,281 and $2,315 on Monday, a 2.4% to 2.7% session loss tied to stalled US-Iran peace talks and Brent crude pushing to $108 per barrel. The pair trades roughly 50% below its October 2025 peak of $4,946.
Also Read:<a href="https://yellow.com/news/worldcoin-wld-token-52m-volume-digital-identity-narrative" rel="noopener noreferrer nofollow">Worldcoin Sees $52M In Volume As Digital Identity Narrative Regains Attention</a>
<h2 id="bitmine-accumulation-versus-bearish-tape">Bitmine Accumulation Versus Bearish Tape</h2>
The hourly <a href="https://yellow.com/learn/macd-crypto-trading-signals" rel="noopener noreferrer nofollow">MACD</a> is gaining bearish momentum and the <a href="https://yellow.com/learn/the-relative-strength-index-rsi-what-it-is-and-how-it-works" rel="noopener noreferrer nofollow">RSI</a> sits below 50, both confirming weak short-term sentiment. A clean break under $2,220 opens the door to $2,180, with $2,120 marking the deeper floor.
CryptoQuant data <a href="https://www.tronweekly.com/ethereum-price-analysis-show-bullish-divergence/" rel="noopener noreferrer nofollow">showed</a> the taker buy/sell ratio hitting its highest 30-day average since January 2023, a quiet accumulation signal even as price drifts lower.
The slide arrives despite heavy accumulation. Bitmine Immersion Technologies crossed 5 million ETH last week, and Grayscale plus Bitmine staked roughly $500 million in ETH on Apr. 25.
ETH fell from $3,500 in January to $1,840 in February, then carved higher lows through April. The $2,350 to $2,400 band has rejected every advance since mid-March.
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ETH Drops To $2,256 Low, Bears Defend Critical Resistance Wall

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