ETH futures flash bearish signal, but stakers’ resilience points to underlying strength
Demand for ETH leverage remains low, but corporate accumulation and stakers’ dedication may prevent an Ether price crash to $1,500.
Key takeaways:
Ether (ETH) price failed to reclaim the $1,700 level over the past week, tracking a broader weakness across cryptocurrency markets. This correction contrasts sharply with the bullish momentum seen in the US stock market. Traders worry that Ether’s appeal has faded due to sluggish on-chain activity and a distinct lack of demand for bullish leveraged positions.
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