ETH price drops to 4-month low, but Ether futures data hints at bounce to $3.2K
ETH price fell to levels not seen since July, but compelling futures data could shed light on a silver lining. Is Ether headed toward $3,200?
Key takeaways:
ETH derivatives positioning shows large traders increasing long exposure as sentiment stabilizes despite ongoing weakness in broader risk markets.
Public companies holding sizable ETH reserves continue to trade at discounts, signaling investors still lack conviction in a near-term recovery.