Spot ETH price action remains capped below the $2000 psychological resistance, unable to flip it into durable support. OI metrics show insufficient long-side leverage accumulation to sustain a breakout towards $2100. Funding rates are flat-to-negative, indicative of short-term bearish pressure outweighing aggressive bids. On-chain velocity is decelerating, signaling waning transactional demand. Significant supply walls are evident at the $2050-$2100 range, forming a formidable ceiling. 95% NO — invalid if BTC decisively breaks $32k before April 28.
Spot ETH price action remains capped below the $2000 psychological resistance, unable to flip it into durable support. OI metrics show insufficient long-side leverage accumulation to sustain a breakout towards $2100. Funding rates are flat-to-negative, indicative of short-term bearish pressure outweighing aggressive bids. On-chain velocity is decelerating, signaling waning transactional demand. Significant supply walls are evident at the $2050-$2100 range, forming a formidable ceiling. 95% NO — invalid if BTC decisively breaks $32k before April 28.
