Wintermute says macro uncertainty leaves ETH at a disadvantage as it nears $2,100 support

Wintermute said ETH has been under heavier pressure amid rising inflation and broader macro uncertainty, arguing it is not ideally positioned for a more chaotic crypto cycle. Over the past week, ETH fell about 10% and hovered near the $2,100 area after sustained selling, while derivatives positioning weakened. Sentiment indicators also deteriorated, with open interest down by $1B to $12.4B and Binance metrics pointing to a more fearful market tone.