ETH's 200-day EMA firmly anchors near $2920, representing robust dynamic support far above the $2300 threshold. Net exchange flows indicate persistent accumulation, reducing sell-side pressure. Derivatives funding rates remain positive, signaling long-side conviction and disincentivizing aggressive shorting to that level. The current market structure displays higher lows on daily, confirming a demand-driven floor well north of $2300. 92% YES — invalid if ETH closes below $2850 on a daily timeframe before May 2.
ETH's 200-day EMA firmly anchors near $2920, representing robust dynamic support far above the $2300 threshold. Net exchange flows indicate persistent accumulation, reducing sell-side pressure. Derivatives funding rates remain positive, signaling long-side conviction and disincentivizing aggressive shorting to that level. The current market structure displays higher lows on daily, confirming a demand-driven floor well north of $2300. 92% YES — invalid if ETH closes below $2850 on a daily timeframe before May 2.
