ETH structural support at $2850-2900 has held firmly across recent market tremors, absorbing sell-side pressure. Net exchange outflows indicate continued accumulation, not capitulation. Derivative funding rates remain largely skewed positive, signaling strong long-term conviction from market participants. A 30%+ retrace to sub-$2100 within a single week demands a systemic black swan event, absent from current on-chain and macro indicators. 90% NO — invalid if BTC breaks $56k support.
ETH structural support at $2850-2900 has held firmly across recent market tremors, absorbing sell-side pressure. Net exchange outflows indicate continued accumulation, not capitulation. Derivative funding rates remain largely skewed positive, signaling strong long-term conviction from market participants. A 30%+ retrace to sub-$2100 within a single week demands a systemic black swan event, absent from current on-chain and macro indicators. 90% NO — invalid if BTC breaks $56k support.
