Ethereum Slides Near Critical Support Despite Inflation Relief

ETH slipped 0.7% to around $2,814, moving closer to the neckline of a head-and-shoulders pattern. This comes even as U.S. core inflation cooled to 2.6%, easing rate-hike fears. Institutional interest remains strong, with Tom Lee’s BitMine reportedly buying ~30,000 ETH worth $89M. Still, market-wide liquidations topped $548M, reflecting risk-off sentiment. A breakdown below ~$2,760 could open further downside, while holding support may revive bullish momentum toward $3,400.

Source Link - https://www.namecoinnews.com/ethereum-price-neckline-despite-relief/

What’s your outlook on ETH here?