🚨 $ETH Rally in Doubt Despite ETF Hype

Despite strong inflows into spot #Ethereum ETFs, derivatives traders remain cautious about $ETH's potential to break $4K.

Key concerns:

📉 Weak on-chain activity

⚡️ Rising competition from other L1s

📊 Lack of bullish momentum in futures & options

While ETF approvals were seen as a major catalyst, network metrics and trader sentiment aren't aligning for a sustained rally.

#Crypto #Ethereum