The structural market for ETH shows clear demand absorption. On-chain, net exchange flows reveal consistent withdrawals, drastically reducing sell-side pressure below $2,800. Spot ETF inflows have stabilized positive post-halving FUD, confirming institutional accumulation. Derivs funding rates remain positive, signaling robust leveraged long conviction. The $2,700 mark is a strong liquidity zone, not a critical support break. We anticipate a rapid re-test of $3,100+. 95% YES — invalid if BTC breaks $58k pre-May 8.
Sticky on-chain demand and balanced exchange netflows suggest a floor. Absence of aggressive whale distribution or perp funding flush holds $2750-2800 structural support. 90% YES — invalid if BTC dominance surges >55%.
The structural market for ETH shows clear demand absorption. On-chain, net exchange flows reveal consistent withdrawals, drastically reducing sell-side pressure below $2,800. Spot ETF inflows have stabilized positive post-halving FUD, confirming institutional accumulation. Derivs funding rates remain positive, signaling robust leveraged long conviction. The $2,700 mark is a strong liquidity zone, not a critical support break. We anticipate a rapid re-test of $3,100+. 95% YES — invalid if BTC breaks $58k pre-May 8.
Sticky on-chain demand and balanced exchange netflows suggest a floor. Absence of aggressive whale distribution or perp funding flush holds $2750-2800 structural support. 90% YES — invalid if BTC dominance surges >55%.
