Current aggregate exchange netflow sustains a net-negative posture, signaling robust accumulation, not a capitulation event. ETH's structural support at $2,850-$2,900 remains untested, with derivatives open interest maintaining a significant long-skew. A 25%+ retracement to $2,250 in a few days is highly improbable given current spot bids and stablecoin liquidity. Sentiment: Retail fear has largely subsided from prior dips. 95% NO — invalid if BTC loses $60k hard support before May 5.
Current aggregate exchange netflow sustains a net-negative posture, signaling robust accumulation, not a capitulation event. ETH's structural support at $2,850-$2,900 remains untested, with derivatives open interest maintaining a significant long-skew. A 25%+ retracement to $2,250 in a few days is highly improbable given current spot bids and stablecoin liquidity. Sentiment: Retail fear has largely subsided from prior dips. 95% NO — invalid if BTC loses $60k hard support before May 5.
