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Bitcoin

Price ethereum Greenlit for more bullish direction after a 29 % sudden rally

Main meals:

  • The price of ETH increased by 22 % on May 8, but the demand for traded investment funds and ETH instant derivatives remain silent.

  • President Trump’s reflection on some Altcoins is in line with renewable ETH expectations.

Ether (EthIt recorded an impressive profit of 29 % between May 8 and May 9, most likely occupies the end of the bear market for 10 weeks, which reached $ 1,385 on April 9. This sharp move has raised the liquidation of more than $ 400 million in short positions (selling) ETH, indicating that whats and Market Makers have been eliminated.

Despite the increase, traders maintained a neutral position in ETH derivatives. Whether this clear lack of condemnation reflects the reflection of the real direction or precedes just another test for the level of 2000 dollars still must be seen.

Ether 3 months of annual installment futures. Source: laevitas.ch

Eth Futures Premium did not exceed after the 5 % threshold associated with the neutral market, indicating that the demand for the upcoming upward positions is still significantly limited. It explains the continuation of the weak performance – which is 17 % in the ALTCOIN market in 2025 – the lack of investor confidence.

Some analysts explain this as the opening of more short coverage, while others claim that ETHEREUM basic essential has not yet improved.

Ethereum maintains leadership in decentralization and TVL

Regardless of ETHER prices, modern network upgrades have significantly strengthened the expansion of the second layer. More importantly, it helped consolidate the Ethereum position as a leading platform in terms of decentralization and security. This is reflected in the total closed value of Ethereum (TVL), which is $ 64 billion. For comparison, the three largest direct competitors – Solana, the BNB series, and TON – TVL (TVL) value of $ 22.3 billion.

The limited demand for funds circulated in the ether exchange (ETFS) as a major warning sign has emerged. Even the strongest price performance for one day in four years failed to prevent a third consecutive day from net external flows, according to data from Farside Investors. On May 8 alone, the investment funds circulated in the Uther listed in the United States witnessed net external flows of $ 16 million.

Daily circulating investment funds in the United States, USD, $ 1 million. Source: Farsed Investors

Silent enthusiasm after the last bi -up in ETHER in part to a sharp 85 % decrease in ETHEREUM network fees from January to April. The decrease in the network activity generally reduces the demand for ETH and negatively affects the net revenues, as the protocol burning mechanism depends on competition on data processing.

ETH options markets also provide an insight into whether whales and market makers expect more negative risks.

Deribit 30 Day ETH Options Delta Devil (request mode). Source: laevitas.ch

Currently, PUT (sale) options are traded at levels similar to equivalent call options (purchase), indicating a neutral feeling. This result is somewhat encouraging the ether. However, ETHER can restore the market attention after US President Donald Trump reflected his position in the wake of previous public approvals on the competing altcoins.

Related to: Ferth watches “crazy” 20 % candle after bacteria – a turning point?

According to the Politico report, which was published on May 8, President Trump felt that he had “used” and cut relations with pressure groups that proposed the idea of ​​a strategic coding reserve. While Trump’s social media publication on March 2 specifically mentioned Solana (Sol), Cardano (ADA) and XRP, the subsequent executive order on March 6 “Digital Assets stocks” hit a more conservative tone.

Despite the clear indifference in both the Al -Atheer Derivatives Market and the ETF’s standard flows, the gathering towards the level of $ 2700 is still reasonable – especially if investor morale turns in response to the failed pressure efforts made by some ETHEREM.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.