ETH price hits $3.4K, but pro traders are not bullish yet: Here’s why
ETH price cooled down from its recent rally as US macroeconomic factors, reduced DApps activity and falling fees impact traders’ use of Ether derivatives.
Key takeaways:
ETH derivatives flash caution as pro traders remain neutral-to-bearish, and weak DApps demand and falling fees pressure Ether’s price.
Corporate ETH buying and spot ETF inflows have not restored investor confidence, as lower staking yields and soft network activity persist.
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