🚀📈 $ETH JUMP! 🔥 But... REAL CONVICTION or just a shake-up for the shorts? 🤔
#ETH had an INCREDIBLE jump of 29% in two days, liquidating over $400 million in sales! 💥 End of the 10-week bear market? Maybe... but derivative traders remain NEUTRAL. The ETH futures premium does not show the typical bullish enthusiasm. Lack of confidence due to its underperformance against other #altcoins ? 🤔
Watch out for spot ETH ETFs: NET OUTFLOWS even after this jump! 📉 And Ethereum's network fees have PLUMMETED, affecting ETH demand and staking yields.
However... Trump turns his back on certain altcoins! 😲 Could this benefit ETH? Although his initial stance mentioned #solana , $ADA , and $XRP , his subsequent executive order was much more reserved.
Despite the lack of enthusiasm in derivatives and #etf , a rally to $2700 remains POSSIBLE, especially if sentiment changes after issues with its competitors! 😉
Do you think this ETH rally has solid foundations or is it just a bull trap? Will Trump's change of stance really boost ETH? 🔥
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