Ethereum faces tough path to $3.9K as sentiment and demand fizzle

Weak demand from spot Ethereum ETFs, soft derivatives data, and macro fears have left Ether struggling to sustain $3,400 despite signs of steady onchain activity.

Key takeaways:

Ethereum ETF outflows and cautious traders show limited confidence in ETH price going higher for now.

Low derivatives premiums suggest a muted outlook for Ether’s price.

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