$ETH 95000 dollars is really hard to chew! From a technical perspective, this position is both a psychological barrier and a previous high resistance. It was tested twice yesterday but couldn't hold, and was immediately pushed back to around 92000.

The perpetual contract funding rate has surprisingly gone negative, and shorts are now frantically paying protection fees to the longs. If this momentum continues, it might lead to a short squeeze, but the premise is that it first needs to break through 95000; otherwise, it will continue to grind.

Additionally, the GDP data is like a sword hanging over our heads — the Atlanta Fed predicts a staggering annualized GDP drop to -2.4% in the first quarter. If this is confirmed next week, the market in May is likely to tremble.

SOL ETF approved, is ETH going to cool off?

Canada has quietly passed a SOL ETF with staking, yielding 7.63%, directly crushing ETH's 3.1%. Institutions are now frantically bottom-fishing SOL, while ETH is really being drained!