🔍 A few notes from analysts about the market:

📖Ethereum breaks through a 4-year "inverse head and shoulders" pattern aiming for ~$22k.

📖The SMA30 outflow of ETH from exchanges has reached -40K ETH. 1.2 million ETH were withdrawn over the month. ETF purchases are increasing demand. As long as the outflow continues, the upward trend of ETH is likely to persist.

📖Daily Ethereum transactions have reached an all-time high of 1.875 million, showing peak network activity. ETH is testing critical resistance at ATH ($4,750) — this is a key point of convergence between price and fundamental indicators. A breakout above $4,750 while maintaining transaction momentum could trigger a price discovery phase, while a rebound may lead to consolidation or a pullback to support at $3,950.

📖Funding rates for ETH remain extremely low — far from previous range highs and the ATH of 2021. There's plenty of room for growth.

📖TOTAL2 is about to break the 2021 highs and simultaneously exit a pattern that has been in place for several years. Echoes of 2016/2017.

📖The Bitcoin Futures Power Index has dropped to zero after positive values that accompanied the rise of BTC. This shows a slowdown in futures market momentum. With prices near the ATH, a neutral index increases the likelihood of shifting to negative, which historically precedes corrections.

📖The estimated leverage of Bitcoin futures has reached a 5-year high above +0.4, which previously coincided with market vulnerability peaks. A massive influx of leverage near ATH creates the risk of sharp liquidations.

📖 Other charts speak for themselves⬆️

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