Spot ETH accumulation is robust, evidenced by a 7-day average of $150M net outflows from CEXs, bolstering the $2850-$2900 structural support. Normalized perp funding rates and declining liquidation cascades signal a deleveraged market poised for an upward move. With BTC maintaining its range, ETH will leverage this stability to push towards its near-term pivot at $3050. $2700 will hold as a base. 90% YES — invalid if BTC breaks $60k support.
Spot ETH accumulation is robust, evidenced by a 7-day average of $150M net outflows from CEXs, bolstering the $2850-$2900 structural support. Normalized perp funding rates and declining liquidation cascades signal a deleveraged market poised for an upward move. With BTC maintaining its range, ETH will leverage this stability to push towards its near-term pivot at $3050. $2700 will hold as a base. 90% YES — invalid if BTC breaks $60k support.
