ETH traders target $3.2K after ‘golden cross’ debut, derivatives data disagrees
Traders say an ETH rally to $3,200 could result from a “golden cross” pattern, but other Ether price metrics are not so bullish.
Key takeaways:
ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders.
Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees.