Conclusion first: ETH up +1.66% this round. The qualitative take from the data is: the trend is valid, but the best entry window has already been missed.

The frequency of large transfers and changes in exchange inventories explain more than the percentage moves—chips are on the move, and the direction is already on its way.

With a fee rate of 0.0068%, everything is neutral. This rally is driven more by spot buy orders, leverage hasn’t gotten overheated, and the structure is actually healthy.

The data is laid out—what’s left is up to your instincts and your position sizing.
This set of data will be validated tomorrow. Save the screenshot; come back tomorrow for the answer.

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