Ethereum (ETH) Price To Crash Following U.S. CPI Data?

The price of Ethereum (ETH) is experiencing massive instability around $1,490, as the monthly pivot for February is also experiencing severe pressure. As lower highs continue to be established, the bearish squeeze is becoming increasingly apparent. Additionally, several on-chain factors point to ETH being on the verge of a price meltdown, which would occur in the event that the macroeconomic data comes out to be unfavorable.