Ethereum Eyes $5K — But Traders Stay Cautious?
Ethereum (ETH) hit $4,349 — its highest since Dec 2021 — after a 41% surge in the past month, far outpacing the broader crypto market’s 9% gain.
Despite the rally, derivatives data shows neutral sentiment as traders avoid heavy leveraged bets above $4K, preferring to lock in profits.
Market Signals
Options delta skew: at -3% → Neutral sentiment.
Futures premium: Below typical bullish threshold despite price highs.
Institutional demand: Spot ETH ETFs pulled in $683M in just 2 days.
Corporate reserves: BitMine Immersion now holds 317K ETH; Sharplink Gaming raised $900M to expand holdings.
Main Risk: Global recession fears — US tariffs and economic slowdown could weigh on risk assets.
Outlook:
If ETH holds above $4K and ETF inflows persist, momentum could build toward a $5,000 target.
