ETH spot market price maintains firm control above $3,000. On-chain metrics show consistent daily active addresses above 500k, signaling robust fundamental network utility, with Total Value Locked (TVL) showing resilience. Derivatives funding rates are positive across major perpetuals, indicating sustained long-side demand. Key technical support, particularly the 200-day EMA, is significantly above $2,000. A capitulation below $1,900 by April 29th is unsupported by current market structure or macro flows. 98% YES — invalid if BTC sustains a weekly close below $58,000.
ETH spot market price maintains firm control above $3,000. On-chain metrics show consistent daily active addresses above 500k, signaling robust fundamental network utility, with Total Value Locked (TVL) showing resilience. Derivatives funding rates are positive across major perpetuals, indicating sustained long-side demand. Key technical support, particularly the 200-day EMA, is significantly above $2,000. A capitulation below $1,900 by April 29th is unsupported by current market structure or macro flows. 98% YES — invalid if BTC sustains a weekly close below $58,000.
