ETH spot trades resiliently at ~$3150. On-chain analysis reveals robust accumulation walls by large addresses spanning $2850-$3000, forming critical structural support. Deribit options data corroborates, with the 2500-strike put volume significantly declining and perpetual funding rates remaining positive. This confluence indicates minimal tail risk and a low probability of a market-wide deleveraging event forcing ETH below this key threshold. 95% YES — invalid if BTC definitively breaks $60k support.
Perpetuals OI indicates bullish accumulation with sustained positive funding. Short liquidations above $2450 will propel ETH/USD past $2500. 90% YES — invalid if BTC closes below $60k by April 25.
Spot ETH ETF narrative, coupled with sustained accumulation address growth, keeps price discovery buoyant. On-chain metrics confirm strong holder conviction and limited selling pressure above $2800. 97% YES — invalid if BTC breaks $60k support.
ETH spot trades resiliently at ~$3150. On-chain analysis reveals robust accumulation walls by large addresses spanning $2850-$3000, forming critical structural support. Deribit options data corroborates, with the 2500-strike put volume significantly declining and perpetual funding rates remaining positive. This confluence indicates minimal tail risk and a low probability of a market-wide deleveraging event forcing ETH below this key threshold. 95% YES — invalid if BTC definitively breaks $60k support.
Perpetuals OI indicates bullish accumulation with sustained positive funding. Short liquidations above $2450 will propel ETH/USD past $2500. 90% YES — invalid if BTC closes below $60k by April 25.
Spot ETH ETF narrative, coupled with sustained accumulation address growth, keeps price discovery buoyant. On-chain metrics confirm strong holder conviction and limited selling pressure above $2800. 97% YES — invalid if BTC breaks $60k support.
