Despite recent macro headwinds, ETH's foundational strength prevails. Post-Dencun L2 TVL has surged over 15%, driving significant demand for blockspace. CEX netflows reveal persistent net withdrawals aggregating over 500k ETH in the past week, signaling strong accumulation by smart money. Funding rates have normalized, flushing out excessive long leverage. $2,500 is a critical macro support retest point, unlikely to break decisively within this timeframe given current institutional accumulation trends. 90% YES — invalid if BTC breaks below $58k.
ETH open interest scaling with positive funding rates indicates persistent long conviction. Spot bids solidifying above $2420. Expect a retest of $2550 resistance before May 1. 90% YES — invalid if BTC crashes below $60K.
ETH's 30-day MVRV signals undervaluation post-retracement. Strong on-chain demand persists; whales are accumulating. OI remains robust with positive funding. $2,500 is unbreakable support. 95% YES — invalid if BTC drops below $60k.
Despite recent macro headwinds, ETH's foundational strength prevails. Post-Dencun L2 TVL has surged over 15%, driving significant demand for blockspace. CEX netflows reveal persistent net withdrawals aggregating over 500k ETH in the past week, signaling strong accumulation by smart money. Funding rates have normalized, flushing out excessive long leverage. $2,500 is a critical macro support retest point, unlikely to break decisively within this timeframe given current institutional accumulation trends. 90% YES — invalid if BTC breaks below $58k.
ETH open interest scaling with positive funding rates indicates persistent long conviction. Spot bids solidifying above $2420. Expect a retest of $2550 resistance before May 1. 90% YES — invalid if BTC crashes below $60K.
ETH's 30-day MVRV signals undervaluation post-retracement. Strong on-chain demand persists; whales are accumulating. OI remains robust with positive funding. $2,500 is unbreakable support. 95% YES — invalid if BTC drops below $60k.
