YES. ETH's current spot price hovers near $3000. A breach below $2100 by May 11 demands an unprecedented ~30% liquidation cascade, which current derivatives open interest and neutral funding rates do not presage. Robust bid liquidity near the $2850-$2900 confluence and sustained whale accumulation suggest strong structural support. This level would be the first major defense line, far above the market's target threshold. 95% YES — invalid if BTC breaks $56k support before May 10.
YES. ETH's current spot price hovers near $3000. A breach below $2100 by May 11 demands an unprecedented ~30% liquidation cascade, which current derivatives open interest and neutral funding rates do not presage. Robust bid liquidity near the $2850-$2900 confluence and sustained whale accumulation suggest strong structural support. This level would be the first major defense line, far above the market's target threshold. 95% YES — invalid if BTC breaks $56k support before May 10.
