ETH traders target $3.2K after ‘golden cross’ debut, derivatives data disagrees

ETH Rally to $3.2K Unlikely Based On Data

The post ETH Rally to $3.2K Unlikely Based On Data appeared on BitcoinEthereumNews.com. Key takeaways: ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders.  Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees. The Solana ETF launch undermined ETH’s altcoin leadership and reduced the odds of a rally above $3,200. Ether (ETH) gained 9% between Tuesday a…

ETH Rally to $3.2K Unlikely Based On Data – #CryptoUpdatesGNIT

Key takeaways: ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders.  Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees. The Solana ETF launch undermined ETH’s altcoin leadership and reduced the odds of a rally above $3,200. Ether (ETH) gained 9% between Tuesday and Thursday but failed to break above the $2,600 mark. As the price rallied, traders poi…

ETH traders target $3.2K after ‘golden cross’ debut, derivatives data disagrees – DG Verifications & Stats

Traders say an ETH rally to $3,200 could result from a “golden cross” pattern, but other Ether price metrics are not so bullish. Market Analysis Key takeaways: ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders.  Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees. The Solana ETF launch undermined ETH’s altcoin leadership and reduced the odds of a…

ETH Traders Eye $3.2K Surge Post-Golden Cross, Despite Derivative Skepticism

Ethereum has recently captured the attention of the cryptocurrency market once again as a notable technical pattern known as the “golden cross,” appeared on its charts. However, despite the positive sentiment typically associated with this event, derivatives data suggests that traders are not fully convinced about a sustained upward trajectory to the $3,200 level. Ethereum’s Golden Cross Phenomenon The golden cross in Ethereum’s price chart is a…

ETH Rally To $3.2K Unlikely Based On Data - Data Intelligence

Key takeaways: ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders.  Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees. The Solana ETF launch undermined ETH’s altcoin leadership and reduced the odds of a rally above $3,200. Ether (ETH) gained 9% between Tuesday and Thursday but failed to break above the $2,600 mark. As the price rallied, traders …

CoinStats - ETH traders target $3.2K after ‘golden cross...

Traders say an ETH rally to $3,200 could result from a “golden cross” pattern, but other Ether price metrics are not so bullish. Key takeaways:ETH failed to reclaim $2,600 as futures and options data show weak conviction from traders. Ethereum’s layer-2 growth hasn’t translated into increased demand for ETH due to low rollup transaction fees.