ETH Holds $4.3K Despite Wider Crypto Market Sell-off
Key takeaways:
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Ethereum’s strong onchain metrics contrast with subdued derivatives sentiment, suggesting traders remain cautiously positioned.
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Stablecoin flows and options data indicate only moderate fear, supporting ETH’s potential to regain bullish momentum.
Ether (ETH) 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?
ETH’s monthly futures premium versus spot markets dropped to its lowest point in two months,…
