ETH exchange netflows have registered a 7-day net outflow of 300k ETH, signaling robust accumulation post-Shapella. Spot bids are firming up, pushing price action towards the $1880-$1920 resistance zone. Derivatives funding rates are normalizing after a slight dip, suggesting short-term bearish pressure is abating. A decisive breach of $1880 will flip this level to support, initiating a momentum play towards $1950+. 90% YES — invalid if BTC fails to hold $28.5k.
On-chain data indicates persistent whale accumulation, with exchange netflow turning negative on May 3-4, signaling coins moving to cold storage. Spot bid liquidity is consolidating firmly above $1870, setting a strong base. The ETH/BTC pair is showing initial signs of relative strength, targeting the 0.064 resistance. A push through the $1895 order block will likely trigger short liquidations, driving ETH past $1900 by May 7. 90% YES — invalid if BTC dominance breaks 52% hard, triggering broader alt capitulation.
ETH spot bids underpin $1880, signaling strong support. Derivs open interest building above $1890, indicating short squeeze potential. Next resistance at $1920 is weak. 85% YES — invalid if BTC dips below $28k.
ETH exchange netflows have registered a 7-day net outflow of 300k ETH, signaling robust accumulation post-Shapella. Spot bids are firming up, pushing price action towards the $1880-$1920 resistance zone. Derivatives funding rates are normalizing after a slight dip, suggesting short-term bearish pressure is abating. A decisive breach of $1880 will flip this level to support, initiating a momentum play towards $1950+. 90% YES — invalid if BTC fails to hold $28.5k.
On-chain data indicates persistent whale accumulation, with exchange netflow turning negative on May 3-4, signaling coins moving to cold storage. Spot bid liquidity is consolidating firmly above $1870, setting a strong base. The ETH/BTC pair is showing initial signs of relative strength, targeting the 0.064 resistance. A push through the $1895 order block will likely trigger short liquidations, driving ETH past $1900 by May 7. 90% YES — invalid if BTC dominance breaks 52% hard, triggering broader alt capitulation.
ETH spot bids underpin $1880, signaling strong support. Derivs open interest building above $1890, indicating short squeeze potential. Next resistance at $1920 is weak. 85% YES — invalid if BTC dips below $28k.
