ETH Price Tests $3K but Confidence Remains Low
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Ether price surged to $3,000 on Tuesday, but lagged behind the US stock market rally as muted demand for ETH derivatives and growth in competing blockchains kept traders skeptical.
The ETH futures premium and the put options’ skew indicate that traders are hedging aggressively despite an 8% price rebound.
Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%.
Ether gained 8% on Tuesday but stalled near $3,000 as derivatives markets signaled doubt about further upside. The move tracked the broader cryptocurrency rally as traders priced in better odds of new economic stimulus, especially after stress in Japan’s government-bond market on Monday.
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