🚨 NEW DATA: $ETH COULD BE HEADING TOWARD $2,800

On chain data suggests Ethereum is forming a major “price magnet” around $2,800, with significant accumulation happening at this level.

Key signals:

• More than 3 million ETH accumulated around $2,800
• A large supply gap between $2,200 and $2,800
• Spot CVD flipped sharply: from -150M USD → +87M USD

👉 This indicates spot buying pressure is returning to the market.

However, the derivatives market remains cautious:

• Futures open interest declined after ETH hit resistance
• Binance long ratio ~59%, not strong enough to confirm a dominant bullish trend

📊 Takeaway:
ETH still has potential to move toward $2,800, but the move could be slow and volatile before a clear trend forms.

$BTC $ETH