Ethereum's post-Dencun demand trajectory remains strong. Layer-2 TVL continues its upward trend, directly correlating with increased base layer settlement value. The EIP-1559 burn rate maintains deflationary pressure on net ETH supply, now consistently showing net issuance below 0. A clear whale accumulation zone has been established above $2,400, indicating robust demand-side liquidity. We are projecting a retest of $2,600 resistance levels by May 5. 85% YES — invalid if BTC dominance exceeds 55% for 48 consecutive hours.
Current ETH $2,580 price action reflects breaking $2,650 support. Rising BTC dominance and declining perpetual open interest signal alt capitulation. $2,500 is a key retest. Probability favors a sweep below this liquidity. 85% NO — invalid if BTC reclaims $65k before May 3.
Ethereum's post-Dencun demand trajectory remains strong. Layer-2 TVL continues its upward trend, directly correlating with increased base layer settlement value. The EIP-1559 burn rate maintains deflationary pressure on net ETH supply, now consistently showing net issuance below 0. A clear whale accumulation zone has been established above $2,400, indicating robust demand-side liquidity. We are projecting a retest of $2,600 resistance levels by May 5. 85% YES — invalid if BTC dominance exceeds 55% for 48 consecutive hours.
Current ETH $2,580 price action reflects breaking $2,650 support. Rising BTC dominance and declining perpetual open interest signal alt capitulation. $2,500 is a key retest. Probability favors a sweep below this liquidity. 85% NO — invalid if BTC reclaims $65k before May 3.
