Ethereum faces tough path to $3.9K as sentiment and demand fizzle
Weak demand from spot Ethereum ETFs, soft derivatives data, and macro fears have left Ether struggling to sustain $3,400 despite signs of steady onchain activity.
Key takeaways:
Ethereum ETF outflows and cautious traders show limited confidence in ETH price going higher for now.
Low derivatives premiums suggest a muted outlook for Ether’s price.