ETH Futures dey Neutral as On-Chain Data Dey Signal Price Rebound
ETH Futures remain neutral despite 15.1% price drop, wit six-month annualized premiums dey hold above di 5% neutral threshold. Ether find support near $4,070 afta e wipe $817 million leverages, show say traders still get resilience. Macro uncertainty—US inflation wey no dey go down and uneven growth—dents market sentiment, but balanced demand for ETH options mean say no be panic. On-chain metrics talk better story: Ethereum control 60% of DeFi total value locked, network fees rise 38% week-on-week reach $11.2 million, pass Solana (3%) and BNB Chain (–3%). Decentralized exchange volume reach $129.7 billion over 30 days. Derivatives show market caution, but Ethereum fundamentals and rising blockspace demand fit support rebound to $4,700.
Neutral
Even though ETH Futures premiums dey stable and on-chain metrics—like 38% jump for network fees and 60% DeFi TVL dominance—dey show say strong recovery fit happen, broader macroeconomic wahala dey make traders dey cautious. For history, similar price dips wey follow strong on-chain activity don always come before rebounds, but short-term volatility still dey until economic fears cool down. The neutral stance mean say derivatives demand balanced and fundamentals dey steady, wey show say recovery outlook dey measured.