Betting heavily on a breach above $2,400. Exchange netflows reflect massive whale accumulation, with ~800k ETH pulled off CEXs in the last 7 days. Coupled with sustained positive funding rates across perp markets and a robust bid wall at $2,300, the market structure is decidedly bullish. This supply-side constriction against consistent demand pressure makes the upside clear. 95% YES — invalid if daily close below $2,250.
Betting heavily on a breach above $2,400. Exchange netflows reflect massive whale accumulation, with ~800k ETH pulled off CEXs in the last 7 days. Coupled with sustained positive funding rates across perp markets and a robust bid wall at $2,300, the market structure is decidedly bullish. This supply-side constriction against consistent demand pressure makes the upside clear. 95% YES — invalid if daily close below $2,250.
