Evolving $ETH futures data hints a potential rally to $5K.
Ether (ETH) fell 4% to $3,850 after hitting $3,940, reflecting a broader crypto market correction with no ETH-specific triggers. Despite the dip, ETH derivatives remain stable, suggesting a potential rally to $5,000. Global markets are focused on U.S. import tariff talks, with a looming China deadline on Aug. 12, prompting traders to favor cash or short-term bonds.
The ETH futures premium is at 8%, a five-month high, despite a 55% price surge over three weeks, indicating room for leverage if ETH breaks $4,000. The options skew shows balanced price expectations, down from last week’s 8% optimism, signaling continued confidence from large traders.
Spot Ether ETF inflows of $4.23 billion since July 11 have driven ETH’s strength, with total U.S.-listed assets at $17.24 billion. Over 40 companies hold at least 1,000 ETH ($3.8M), with some holding $8.84 billion combined. Compared to Bitcoin, Ether-focused corporate adoption is growing rapidly.
ETH traders remain cautiously optimistic, and with steady institutional demand, a $5,000 breakout is plausible.