ETH whale wallet accumulation has accelerated, with addresses holding >10k ETH increasing their balances by 1.2% this week, signaling deep conviction. Spot exchange netflows are consistently negative, reducing available supply on orderbooks. Futures liquidations are flushing low leverage, setting the stage for an unhindered upward move. A decisive breach of the $2,285 resistance cluster will ignite short squeezes, catapulting price past $2,300. 85% YES — invalid if BTC dominance breaks above 55.5%.
The ETH chart projects a clear breakout. Dencun has catalyzed L2 adoption, firming demand. Spot CVD maintains aggressive positive momentum, underpinning a supply-demand imbalance. Perpetual funding rates are critically high, locking in strong long bias, indicating derivatives traders expect upward continuation. On-chain whale addresses have increased holdings by 1.8% past week. This persistent accumulation combined with decreasing exchange netflows screams bullish. 85% YES — invalid if BTC dominance exceeds 55% before April 25.
ETH whale wallet accumulation has accelerated, with addresses holding >10k ETH increasing their balances by 1.2% this week, signaling deep conviction. Spot exchange netflows are consistently negative, reducing available supply on orderbooks. Futures liquidations are flushing low leverage, setting the stage for an unhindered upward move. A decisive breach of the $2,285 resistance cluster will ignite short squeezes, catapulting price past $2,300. 85% YES — invalid if BTC dominance breaks above 55.5%.
The ETH chart projects a clear breakout. Dencun has catalyzed L2 adoption, firming demand. Spot CVD maintains aggressive positive momentum, underpinning a supply-demand imbalance. Perpetual funding rates are critically high, locking in strong long bias, indicating derivatives traders expect upward continuation. On-chain whale addresses have increased holdings by 1.8% past week. This persistent accumulation combined with decreasing exchange netflows screams bullish. 85% YES — invalid if BTC dominance exceeds 55% before April 25.
