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That 4 AM spike to $2,615 was a textbook leverage wipeout, triggering $180M in short liquidations. Without sustained spot volume to absorb overhead supply above $2,600,$ETH quickly pulled back to chop between $2,400–$2,600. Key levels: • Upper ceiling: $2,600 • Mid pivot: $2,500 • Demand floor: $2,440 With the FOMC rate decision ahead, expect range-bound chop until macro direction confirms. $ETH #FOMCRateCallThisWeek #AIAnxietyHitsChipStocks #SaudiOilPipelineDamaged