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

INSUBCONTINENT EXCLUSIVE:
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
reached in January
strengthening relative to the longer-term average
Thursday, there was no significant uptick in demand for leveraged long positions
In a neutral market, monthly contracts typically trade at a 5% to 10% annualized premium over spot prices to reflect the extended settlement
period.ETH 30-day futures annualized premium
Source: laevitas.chCurrently, the Ether futures premium remains below the 5% neutral threshold, even after recent price gains
The last time this indicator signaled a bullish stance was Jan
26, when ETH traded near $3,300
revenue.X user cryptunez observed that decentralized applications (DApps) on Solana generated $1.3 billion more in revenue than those on
Additionally, Solana has faced criticism for its maximal extractable value (MEV) practices, which allow validators to reorder transactions
Bunin believes that meaningful progress will require more direct involvement from the Ethereum Foundation.To gauge whether professional
In bearish conditions, put (sell) options tend to trade at a premium over comparable call (buy) options, pushing the indicator above the 6%
neutral threshold.ETH 30-day options delta skew at Deribit (put-call)
Source: Laevitas.chCurrently, the ETH options skew sits at 1%, suggesting traders see equal likelihood of price moves in either direction, a
Some of that caution likely stems from the launch of the first spot Solana exchange-traded fund (ETF) in the United States on Wednesday.Not
Unless Ethereum can provide ETH holders with direct benefits from tokenization and institutional adoption, a sustained rally in the near
term appears unlikely.This article is for general information purposes and is not intended to be and should not be taken as legal or
investment advice
of Cointelegraph.