ETH perp funding rates are holding firmly positive, reflecting aggressive long positioning and signaling strong conviction above $2300. On-chain exchange netflows show persistent outflows, indicating sustained accumulation pressure. With current spot around $2290, a break past the $2350 liquidity zone will clear significant short-side stops, propelling price towards $2400+. OI data supports a squeeze potential. This structural demand outweighs any bearish divergence. 88% YES — invalid if BTC spot dips below $60k before April 26.
ETH OI expansion lacks strong conviction for a $2400 breakout. Flat funding rates and heavy short-term supply wall at 2400-2420 suggest rejection. Derivs aren't pricing in the upside catalyst. 80% NO — invalid if BTC breaks 65k.
ETH perp funding rates are holding firmly positive, reflecting aggressive long positioning and signaling strong conviction above $2300. On-chain exchange netflows show persistent outflows, indicating sustained accumulation pressure. With current spot around $2290, a break past the $2350 liquidity zone will clear significant short-side stops, propelling price towards $2400+. OI data supports a squeeze potential. This structural demand outweighs any bearish divergence. 88% YES — invalid if BTC spot dips below $60k before April 26.
ETH OI expansion lacks strong conviction for a $2400 breakout. Flat funding rates and heavy short-term supply wall at 2400-2420 suggest rejection. Derivs aren't pricing in the upside catalyst. 80% NO — invalid if BTC breaks 65k.
