Absolute conviction on ETH holding the floor. $2400 is robust structural support, aligned with the 200-day MA dynamic floor and previous accumulation zone from Q4 2023. On-chain, exchange netflows remain negative, indicating continued supply absorption by long-term holders. Funding rates, while slightly elevated, don't signal an imminent cascade powerful enough to shatter this critical horizontal support within the next 30 days. Downside deviation below $2400 by May 1 is highly improbable. 95% YES — invalid if BTC capitulates below $55k.
Absolute conviction on ETH holding the floor. $2400 is robust structural support, aligned with the 200-day MA dynamic floor and previous accumulation zone from Q4 2023. On-chain, exchange netflows remain negative, indicating continued supply absorption by long-term holders. Funding rates, while slightly elevated, don't signal an imminent cascade powerful enough to shatter this critical horizontal support within the next 30 days. Downside deviation below $2400 by May 1 is highly improbable. 95% YES — invalid if BTC capitulates below $55k.
