Spot ETH accumulation metrics are surging, showing significant net exchange outflows over the last 48 hours, absorbing sell-side pressure. Price action firmly holds above the 50-day EMA, now testing the critical $1795-$1810 resistance with increasing volume. Perpetual funding rates remain robustly positive, signaling sustained bullish sentiment and leverage longs positioning for a breakout. Macro liquidity injection, coupled with diminishing short interest, dictates a high probability of breaching and holding $1800. 85% YES — invalid if BTC dominance sharply reverses.
Spot ETH accumulation metrics are surging, showing significant net exchange outflows over the last 48 hours, absorbing sell-side pressure. Price action firmly holds above the 50-day EMA, now testing the critical $1795-$1810 resistance with increasing volume. Perpetual funding rates remain robustly positive, signaling sustained bullish sentiment and leverage longs positioning for a breakout. Macro liquidity injection, coupled with diminishing short interest, dictates a high probability of breaching and holding $1800. 85% YES — invalid if BTC dominance sharply reverses.
