Ethereum Pullback Sparks $1B Buying Frenzy Despite Hawkish Fed Warning on Inflation — What Changed?

Ethereum pulled back from the $2,450 area and struggled to hold the $2,250–$2,300 zone. When $2,300 broke, taker-buy volume on Binance surged above $1 billion within an hour (with ~ $20m on OKX), signaling aggressive, high-conviction buying despite the Fed’s hawkishhold. The order-flow spike suggests institutional-scale participants view ~$2,300 as an attractive entry, altering how the selloff should be read. Technically, ETH trades near $2,260, is capped by resistance between $2,350–$2,450, remains below the 200-day MA, and is compressing between the 50- and 100-day MAs; a drop below $2,200–$2,250 would expose $2,000, while reclaiming $2,400 is needed to shift momentum. The market impact: the large, fast buy flows indicate potential support and latent demand that could blunt further declines, but broader trend and resistance cluster keep the outlook cautious until key technical thresholds are reclaimed.