ETH is consolidating tightly around $2950, with current futures funding rates normalizing and OI remaining robust. On-chain analytics indicate decreasing exchange netflows, suggesting supply contraction at these levels. A sustained bid above the $2980 immediate resistance will trigger a quick short liquidation cascade, propelling ETH past $3000 before May 3. Expect front-running of these levels. 75% YES — invalid if BTC breaks decisively below $60k.
ETH is consolidating tightly around $2950, with current futures funding rates normalizing and OI remaining robust. On-chain analytics indicate decreasing exchange netflows, suggesting supply contraction at these levels. A sustained bid above the $2980 immediate resistance will trigger a quick short liquidation cascade, propelling ETH past $3000 before May 3. Expect front-running of these levels. 75% YES — invalid if BTC breaks decisively below $60k.
