$ETH rejected $1800 for the second time this week and macro setup behind is even worse.

Kevin Warsh's first FOMC press conference confirmed no rate change, but he called inflation a "choice" and refused to share a dot plot.

CME FedWatch now prices September rate hike odds above 70%, up 100bps since the meeting.

ETH is already down nearly 18% over 30 days.

A 4h buy signal fired near $1800 on rising volume last Sunday, which usually means institutional or whale participation if the breakout confirms. It didn't.

Sellers showed up fast and pushed price back down.

If $1800 breaks to the downside from here, $1400 becomes the target given the deteriorating macro backdrop.

#crypto #ETH