What ETH Metrics Actually Matter Beyond Price?

For those of you who actively trade or monitor ETH, what signals do you actually pay attention to beyond just price?

I’m trying to separate useful structural indicators from noise.

Specifically curious about things like:

• Staked ETH % and validator churn

• Exit queue / withdrawal pressure

• Net issuance / supply dynamics

• Perp vs spot volume dominance

• Funding rates / OI shifts

• Order book depth & imbalance

• Spread / liquidity changes

• Liquidation positioning

Which of these genuinely influences your decisions?

Are there any metrics you consistently track that most people overlook?

Trying to understand what has real signal.