Bearish on ETH sustaining above $3,200 in April. While Dencun finality is largely priced in, institutional netflows are flattening. The critical signal is negative gamma exposure below $3,350, with significant short Open Interest building at the $3,200 strike. This, coupled with softening perpetual funding rates and declining spot CVD, indicates insufficient demand walls to prevent a liquidity grab below $3,200, likely targeting the $3,050-$3,100 range. Expect a retest of lower support. 85% NO — invalid if BTC sustains above $72k through mid-April.
ETH holding $3300 support. Spot ETF hype and net exchange outflows signal robust accumulation above $3200. Whales are reloading. Strong momentum inbound. 90% YES — invalid if BTC dips below $62K.
Bearish on ETH sustaining above $3,200 in April. While Dencun finality is largely priced in, institutional netflows are flattening. The critical signal is negative gamma exposure below $3,350, with significant short Open Interest building at the $3,200 strike. This, coupled with softening perpetual funding rates and declining spot CVD, indicates insufficient demand walls to prevent a liquidity grab below $3,200, likely targeting the $3,050-$3,100 range. Expect a retest of lower support. 85% NO — invalid if BTC sustains above $72k through mid-April.
ETH holding $3300 support. Spot ETF hype and net exchange outflows signal robust accumulation above $3200. Whales are reloading. Strong momentum inbound. 90% YES — invalid if BTC dips below $62K.
