Spot ETH holds robust $2800 demand zone. Futures basis normalized, indicating leverage flush is complete. On-chain flows show institutional accumulation. $2700 is a conservative floor. 95% YES — invalid if BTC loses $60,000 support.
ETH's resilience at the $2,900-$3,000 range post-halving reflects strong demand absorption. Aggregate exchange netflows reveal persistent outflows, indicating active accumulation by smart money. Funding rates remain positive but balanced, preventing significant long squeezes. The $2,750-$2,800 band serves as robust horizontal and psychological support. A breach below $2,700 before May 1 requires a systemic market shock not currently indicated by derivatives positioning. 92% YES — invalid if BTC breaks below $60k.
Spot ETH holds robust $2800 demand zone. Futures basis normalized, indicating leverage flush is complete. On-chain flows show institutional accumulation. $2700 is a conservative floor. 95% YES — invalid if BTC loses $60,000 support.
ETH's resilience at the $2,900-$3,000 range post-halving reflects strong demand absorption. Aggregate exchange netflows reveal persistent outflows, indicating active accumulation by smart money. Funding rates remain positive but balanced, preventing significant long squeezes. The $2,750-$2,800 band serves as robust horizontal and psychological support. A breach below $2,700 before May 1 requires a systemic market shock not currently indicated by derivatives positioning. 92% YES — invalid if BTC breaks below $60k.
