๐ ETH Futures Show Fear, On-Chain Data Signals Recovery
Despite a 15% drop that wiped out $817M in leveraged longs, Ethereum is showing resilience:
๐น Derivatives steady โ ETH futures premium held above 5%, showing traders remain confident.
๐น Options neutral โ Balanced demand for puts & calls, no panic selling.
๐น On-chain strength โ Ethereum leads with 60% of total TVL + $11.2M in weekly fees (+38% WoW).
๐น DEX dominance โ $129.7B trading volume in 30 days, far ahead of rivals.
Macro uncertainty (Fed policy, inflation, US tariffs) still weighs on sentiment, but ETH fundamentals remain strong.
๐ Can Ethereum reclaim $4,700 once macro fears cool down?$ETH