INSUBCONTINENT EXCLUSIVE:
Key takeaways:ETH holds $2,400 in support despite a 15% price drop and $277 million in liquidations.Layer-2 network growth and spot ETH ETF
it also showed resilience near the $2,450 level
futures annualized premium
in leveraged long positions over two days
However, by Sunday, the futures premium had reclaimed the neutral 5% threshold, suggesting that traders are regaining confidence in the
This coincided with Solana and BNB Chain overtaking Ethereum in decentralized exchange (DEX) trading volumes
On the other hand, rollups have enabled scalable solutions, opening new possibilities
yield generation.On Thursday, Shopify launched a limited rollout of USDC stablecoin payments on the Base blockchain
The product includes a 1% cashback incentive and is expected to fully launch by the end of 2025
This collaboration with Coinbase underlines the low-cost, secure nature of layer-2 blockchain Base.Ether derivatives markets display
resilience amid ETH price weaknessETH options markets offer further insight into sentiment among professional traders following the drop
In a neutral environment, the 25% delta skew typically fluctuates between negative 5% and +5%, reflecting balanced pricing between put
(sell) and call (buy) options.ETH 30-day delta skew (put-call) at Deribit
Source: Laevitas.chCurrently, ETH put options are trading at a 4% discount compared to equivalent call options, which keeps them within the
Part of that optimism may stem from the $830 million in net inflows to Ether US-listed spot exchange-traded funds (ETFs).Declining ETH
balances on exchanges are generally viewed as bullish, since deposits imply a readiness to sell, while withdrawals usually signal staking or
long-term holding, reducing immediate supply pressure.Ether balances on exchanges, ETH
Source: GlassnodeAs of June 17, the total Ether balance on exchanges dropped to 16.31 million ETH, down from 16.71 million a month earlier
rising geopolitical tensions in the Middle East and the ongoing trade disputes between the United States and its key economic partners.While
traders are not expecting ETH to revisit $3,000 in the near term, the strength of derivatives markets suggests that the $2,400 support level
