As Ethereum ETFs are being staked, the price of ETH will soon recover to $3,000.
ETH's price rebound in the near future is evidently supported by some of the most important on-chain data.
In the two days since the rejection at $2,700, Ethereum has had a 9% correction, falling to $2,500 once more. This resulted in the liquidation of bullish leveraged ETH futures positions worth $160 million. But even with this decline, the annualized premium for ETH futures remains close to 6%.
The premium typically ranges from 5% to 10% in a neutral market, representing the amount of money sellers want for a postponed settlement.
