ETH's recent retest of the 50-day EMA at $1830 established robust support. On-chain, exchange netflow over the past 72 hours reports a 35k ETH outflow, signaling strong accumulation and reduced sell-side liquidity. BTC correlation remains high, and BTC is consolidating positively. This supply shock combined with sustained demand will easily push through minor overhead resistance at $1900 before May 10. Expect front-running by smart money. 85% YES — invalid if BTC breaks below $28.5k.
ETH's recent retest of the 50-day EMA at $1830 established robust support. On-chain, exchange netflow over the past 72 hours reports a 35k ETH outflow, signaling strong accumulation and reduced sell-side liquidity. BTC correlation remains high, and BTC is consolidating positively. This supply shock combined with sustained demand will easily push through minor overhead resistance at $1900 before May 10. Expect front-running by smart money. 85% YES — invalid if BTC breaks below $28.5k.
