ETH spot market is currently holding above $3,100. On-chain analytics demonstrate persistent exchange netflow outflows and shrinking exchange supply, underpinning robust HODL conviction. Derivatives funding rates, though consolidating, maintain a net long bias across perp markets. A 29% capitulation to $2,200 by April 30th lacks immediate systemic catalysts, especially post-BTC halving. Key demand zones at $2,850-$2,950 provide strong structural support. 95% YES — invalid if BTC breaches $55,000.
ETH consolidating at $2105. Negative exchange netflow and persistent positive funding rates signal accumulation. Whales adding heavily. Expect swift upward pressure past $2200. 85% YES — invalid if BTC drops below $60k.
ETH spot market is currently holding above $3,100. On-chain analytics demonstrate persistent exchange netflow outflows and shrinking exchange supply, underpinning robust HODL conviction. Derivatives funding rates, though consolidating, maintain a net long bias across perp markets. A 29% capitulation to $2,200 by April 30th lacks immediate systemic catalysts, especially post-BTC halving. Key demand zones at $2,850-$2,950 provide strong structural support. 95% YES — invalid if BTC breaches $55,000.
ETH consolidating at $2105. Negative exchange netflow and persistent positive funding rates signal accumulation. Whales adding heavily. Expect swift upward pressure past $2200. 85% YES — invalid if BTC drops below $60k.
