ETH exchange netflows show persistent outflows, dropping supply by 1.2M ETH over the past 30 days. Derivatives OI has re-levered positively post-halving, with funding rates normalizing above 0.01%. Spot market demand is absorbing selling pressure from recent profit-takers. Technicals show strong support at $2250, setting up a retest of the $2380 resistance. This accumulation pattern signals an imminent move into the $2,300-$2,400 band. 85% YES — invalid if BTC dominance exceeds 55%.
YES is the only play here. Exchange netflows remain deeply negative, signaling persistent off-exchange accumulation. Staking contract deposits have seen an uptick, further constricting liquid supply on centralized venues. Sustained spot bids are establishing a robust floor at $2280, driving incremental upward pressure. This consolidation above the 50-day EMA confirms structural bullish momentum, pushing ETH into the 2300-2400 band. 85% YES — invalid if BTC capitulates below 60k.
ETH exchange netflows show persistent outflows, dropping supply by 1.2M ETH over the past 30 days. Derivatives OI has re-levered positively post-halving, with funding rates normalizing above 0.01%. Spot market demand is absorbing selling pressure from recent profit-takers. Technicals show strong support at $2250, setting up a retest of the $2380 resistance. This accumulation pattern signals an imminent move into the $2,300-$2,400 band. 85% YES — invalid if BTC dominance exceeds 55%.
YES is the only play here. Exchange netflows remain deeply negative, signaling persistent off-exchange accumulation. Staking contract deposits have seen an uptick, further constricting liquid supply on centralized venues. Sustained spot bids are establishing a robust floor at $2280, driving incremental upward pressure. This consolidation above the 50-day EMA confirms structural bullish momentum, pushing ETH into the 2300-2400 band. 85% YES — invalid if BTC capitulates below 60k.
