Ethereum and altcoins have not performed as desired in recent years, but the $ETH data in the last few months looks really good.

So what will happen? Let's take a look at this data together 👇

1) CME Future Open Interest

Although most people have not even been able to recover their losses yet, ETH has risen by 100% in the last two months.

During this period, the futures contracts opened on the CME side have tripled. Open interest has risen from around 1 billion to 3 billion.

The rise being supported by institutional investors on the US side and the increase in open interest coinciding with the rise is extremely positive.

2) Spot ETF Inflows

The Ethereum ETF is not very functional at this point, but despite this, ETF investors are slowly accumulating.

There have been no outflows in the last 20 days. We closed the day with positive inflows. The amounts are not very high, of course, but the fact that ETF investors are buying is still extremely positive.

3) Whale Activity

Whale activity on the Ethereum side has not been able to gain stability.

After the purchases coming from CME and ETF, whale activity has also reached a nice point.

As of now, it is around +12. Being at these levels is extremely positive.

4) Spot CVD

Coinbase is a very successful exchange for spot purchases. By simply tracking Coinbase's spot purchases, we have captured great rises and falls until today.

Coinbase started heavily purchasing ETH since the beginning of March. Currently, Coinbase purchases are still ongoing and spot CVD is rising.

The fact that Coinbase is making spot purchases is extremely positive.

Overall, the data looks extremely positive. There does not seem to be a major technical issue.

Currently, the only problem has been the resistance of $2,800 not being broken. I believe that with the breakout of this resistance, we could see much better rises for ETH and altcoins.

I wanted to share a detailed analysis because ETH and altcoins have been asked a lot. If you find it helpful, please don't forget to like the analysis.

Wishing everyone a great day and abundant profits.