ETH jumped 29% in 48 hours, breaking a 10-week downtrend.
Yet, ETF outflows and weak futures demand hint at shaky conviction.
Despite its best daily performance in 4 years, ETH ETFs saw $16M in outflows on May 8 — the third straight day of exits.
Futures premiums still under 5%, options remain neutral, and gas fees are down 85% since January — all signs of cautious
sentiment.
TVL dominance is clear:
Ethereum: $64B vs. Solana/BNB/Tron combined: $22.3B
Trump’s pivot away from other altcoins could swing attention back to ETH — but can it sustain momentum toward $2,700?
