Ether approaches the pivotal $3,000 resistance level following a price surge to $2,925, marking a crucial psychological and technical threshold for the cryptocurrency.
Derivatives markets signal balanced sentiment despite the rally, reflected in ETH options’ neutral 30-day delta skew at -3%. Layer-2 scaling solutions exhibit enhanced transaction throughput without increased demand for ETH tokens.
Network activity shows concerning trends with Ethereum fees decreasing 22% month-over-month, reducing ETH burn rates and weakening a key price support mechanism. Rival blockchains Solana and Tron generate proportionally higher fees despite Ethereum’s ecosystem dominance.
Institutional investment has poured $468 million into Ethereum spot ETFs, underpinning the recent price surge. However, trading volume on Ethereum-based decentralized exchanges has retreated to nine-month lows despite rising total value locked.