🚨 $ETH breakout test.
• Spot CVD: +173M → strong absorption, buyers driving move
• Perp CVD: -334M → shorts leaning in, heavy selling on bounces
• Price hit $4957, now stalling at $4935
💡 Divergence: spot strength vs. perp aggression. If spot absorbs, shorts fuel squeeze above $5K. If bids fade, perp pressure pulls to $4870–$4820.
👉 Spot buyers or leveraged shorts? Who do you back?
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