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

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, ETH has risen by 100% in the last two months.

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

The rise being supported by institutional investors on the US side and the increase in open interest occurring alongside 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 in Ethereum has not been able to gain stability.

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

Currently, it is around +12. Being at these levels is extremely positive.

4) Spot CVD

Coinbase is a very successful exchange in terms of spot purchases. Just by tracking Coinbase's spot purchases, we have caught wonderful rises and falls so far.

Coinbase started heavily buying ETH since the beginning of March. Currently, Coinbase purchases are still ongoing, and the 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 problem from a technical perspective.

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

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

I wish everyone a nice day and plenty of profits.