ETH maxis scream for $3K, but data shows pro Ether traders cautiously positioned

Key Points

1. Ether price rallied 13.5% over two days to $2,925, but traders remain unconvinced about breaking $3,000 due to weak derivatives signals.

2. ETH 30-day futures premium is at 5%, on the edge of neutral/bearish territory, showing professional traders lack confidence in a sustained rally.

3. Ethereum network fees fell 22% to $34.8 million over 30 days, reducing ETH burn rate and disappointing investors despite rising TVL ($73B).

4. Ethereum layer-2s generated $58.6B in DEX volumes, but lower rollup fees haven’t boosted ETH demand; Solana and Tron outperformed in fee generation.

5. Recent ETH price gains are partly driven by $468M net inflows into US-listed ETFs and treasury purchases by ShapLink Gaming and Bit Digital.