Weak Institutional Demand Dey Keep Ethereum Under $3,800
Ethereum price don jump 9% from $3,355 low to about $3,661, but di futures and options metrics show say sentiment dey neutral to bearish. The 3-month futures premium dey 5%, and 25% delta skew dey 6%, meaning risk balance. Ethereum performance follow how other altcoin market dey do, dem reach $1.3 trillion cap, no special catalyst dey make ETH go pass $3,800. Institutional demand don cool: Ether spot ETFs get $129 million outflows, and Coinbase and Kraken dey sell ETH cheaper than Binance. Meanwhile, Ethereum TVL drop 9% to 23.8 million ETH inside 30 days, but BNB Chain and Solana dey get inflows. Without new institutional inflows or big catalysts, Ethereum likely to stay linked to general altcoin trends.
Bearish
Di get institutional inflows, wey show for $129 million ETF outflows and discounted ETH price for major exchanges, join wit neutral to bearish derivatives metrics, show say Ethereum get limited upside. Past cases, like previous ETF outflow for late 2023, show ETH dey struggle to keep rally without fresh money. For short term, Ethereum go likely follow broader altcoin movements and remain capped below key resistance levels. For longer term, price recovery depend on renewed institutional demand or positive macroeconomic changes, wey no dey come anytime soon.