ETH exchange netflows are decisively negative, signaling persistent spot bid absorption. Supply shock narrative strengthens above $1880, targeting $1950. 90% YES — invalid if BTC breaks below $29k.
ETH perpetual funding rates are holding firmly positive, underpinning a robust long bias across derivatives markets. Cumulative futures Open Interest is up 7% WoW, coupled with significant exchange net outflows signaling reduced sell-side pressure and strong accumulation below $1,860. The $1,900 mark acts as a critical resistance; breaking it will trigger cascading short liquidations, driving price upward. Sentiment: Rising Dencun narrative boosts institutional confidence. 90% YES — invalid if BTC dominance falls below 49%.
ETH exchange netflows are decisively negative, signaling persistent spot bid absorption. Supply shock narrative strengthens above $1880, targeting $1950. 90% YES — invalid if BTC breaks below $29k.
ETH perpetual funding rates are holding firmly positive, underpinning a robust long bias across derivatives markets. Cumulative futures Open Interest is up 7% WoW, coupled with significant exchange net outflows signaling reduced sell-side pressure and strong accumulation below $1,860. The $1,900 mark acts as a critical resistance; breaking it will trigger cascading short liquidations, driving price upward. Sentiment: Rising Dencun narrative boosts institutional confidence. 90% YES — invalid if BTC dominance falls below 49%.
