Macroeconomic risk aversion triggers technical breakdown

Ethereum loses the $2200 level. The US-Iran ceasefire negotiations confirm a breakdown, Vice President Vance's departure statement reignites geopolitical risks, combined with the Federal Reserve's continued cooling of rate cut expectations, leading to capital fleeing. ETH drops from the high of $2325, breaks below the 50-period moving average at $2242 and breaches the $2200 threshold, marking the largest bearish volume since April 8. High leverage long positions are repeatedly liquidated, causing a stampede, with the three main on-chain holder groups approaching breakeven points with unrealized profits, while medium-sized whales are already in floating losses. RSI falls to 37.12, with the technical structure weakening across the board, short-term focus on the key support levels at $2175-$2180.