ETH futures open interest shows significant accumulation at the $2050 strike, with funding rates consistently positive, indicating strong long-side conviction. Spot market bids are firming up around the $2030-$2040 support zone. A breach of the $2080 liquidity level, a prior resistance, will trigger a cascade of short liquidations, driving price rapidly above $2100. This sets up a high-probability continuation above $2100 by May 3. 90% YES — invalid if BTC breaks below $29k.
ETH futures open interest shows significant accumulation at the $2050 strike, with funding rates consistently positive, indicating strong long-side conviction. Spot market bids are firming up around the $2030-$2040 support zone. A breach of the $2080 liquidity level, a prior resistance, will trigger a cascade of short liquidations, driving price rapidly above $2100. This sets up a high-probability continuation above $2100 by May 3. 90% YES — invalid if BTC breaks below $29k.
