Ether Price Near $3,000 Resistance Amid Mixed Signals from Futures and Layer-2 Growth

Key Points

1. Ether's price surge to $2,925 is testing the $3,000 resistance, a key psychological and technical barrier.

2. The derivatives market shows uncertainty, with a neutral 30-day delta skew (-3%) for ETH options indicating balanced sentiment.

3. Layer-2 scaling solutions have improved transaction throughput and reduced fees, but this hasn't increased demand for ETH tokens.

4. Ethereum's network fees have declined by 22% over the past month, reducing the ETH burn rate and weakening a key price support mechanism.

5. Despite Ethereum's dominant ecosystem, competitors like Solana and Tron generate higher fees relative to their size, impacting investor perceptions.

6. Institutional inflows of $468 million into Ethereum spot ETFs have supported the recent rally but may not be enough to push ETH above $3,000.

7. Trading volume on Ethereum-based DEXs has declined to a nine-month low, indicating reduced on-chain activity despite rising TVL.