Ether price shows resilience as strong onchain activity and balanced options sentiment support a potential price recovery.
Key takeaways:
1:Ethereum’s strong onchain metrics contrast with subdued derivatives sentiment, suggesting traders remain cautiously positioned.
2:Stablecoin flows and options data indicate only moderate fear, supporting ETH’s potential to regain bullish momentum.
Ether
ETH
$4,313
fell 5.2% on Friday after investors digested weaker-than-expected US job market data. The decline came alongside a reversal in equities, sparking $90 million in liquidations of leveraged bullish ETH positions. The correction raises the question of whether Ether is destined to retest the $4,000 mark, or is the move simply a reflection of broader macroeconomic uncertainty?
