🚨 ¡$ETH ON THE EDGE! 😱 PRICE RISES DUE TO TRUCE, BUT PROFESSIONAL TRADERS AND LOW FEES CAST A SHADOW OVER THE BULLISH PARTY. 📉🤔
📢 The price of Ether (#ETH ) has rebounded 17% from its recent low, trading near $2,470, thanks to the good news of a ceasefire between Iran and Israel that calmed geopolitical tensions. The risk market breathes a sigh of relief! 😮💨
But not everything is rosy. Despite the rise and inflows into spot ETH ETFs ($101 million on Monday!), professional traders are showing not a hint of bullish euphoria. 📉 The annualized premium of 2-month Ether futures has collapsed to a bearish 3%, and options show no bullish inclination, suggesting that most expect consolidation or even further declines before a real trend change! 😬
The main concern of investors is the disproportion between ETH's market capitalization ($293 billion) and its modest monthly network fees ($41 million). 💸 This is a giant mismatch! Although #Ethereum leads in total deposits, its fees are barely $8 million higher than those of Solana, even though its TVL is 6.6 times greater! Tron, with much less TVL, raises more fees! This raises doubts about the sustainability of staking rewards without massive inflation of ETH's supply.😬
Additionally, competition from other chains like Solana and BNB Chain is affecting Ethereum's DApp activity, contributing to the lack of optimism. It has been over 20 weeks since ETH traded above $3,000, and without a factor to reignite buyer interest, it is unlikely that ETH will surpass the $3,000 mark in the short term. Trader confidence is eroding! 😔
🤔 Do you think ETH is trapped in a cycle of "weak bounces" that will keep it below $3,000? 👇💬
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