ETH is collected to 3.2 thousand dollars unlikely based on data star-news.press/wp

Main meals:

• ETH failed to restore 2600 dollars as futures data and options show weak condemnation of merchants.

• The growth of the second layer of ETHEREUM has not been translated into the demand for ETH due to the low transaction fee.

• Solana Etf Leading ALTCOIN’s launch from ETH and reduced the possibility of assembly over $ 3200.

Eter (ETH) gained 9 % between Tuesday and Thursday, but failed to break the brand of $ 2600. With the proliferation of the price, merchants pointed to a bullish technical formation known as the “Golden Cross” that could pay ETH to $ 3,200, another level reached in January. However, derivative data indicates that ETH merchants do not feel classified.

The X Merlijntrader user indicated that the golden cross formation on Wednesday is “where the bull markets tend to start”, noting that technical analysis shows the reinforcement of momentum in the short term in relation to the longest -term average. For merlijntrader, ETH is “sending a clear signal”, indicating that running the next bull may approach.

ETH derivatives indicate a decrease in confidence amid increased competition

Despite the ETH jump to $ 2600 on Thursday, there was no significant increase in demand for long jobs. In the neutral market, monthly contracts are usually traded by 5 % to 10 % of the instant prices to reflect the extended settlement period.

Currently, the future ether premium is still 5 % less than the neutral threshold, even after the last price gains. The last time that this indicator indicated that there was a bullish position, January 26, when ETH was traded near $ 3,300. It is worth noting that this date corresponds to the official launch of the official Memecoin Trump (Trump) on Solana, which strengthened Blockchain sizes and inputs.

X User Cryptunez noted that decentralized applications (DAPS) on Solana achieved more $ 1.3 billion than that in Ethereum.

However, this narrow analysis ignores the strategic transformation of Ethereum towards the scaling of the second layer. Many DAPP revenue for the ecosystem now flows into base, expression, polygon, optimism, and unichain. In addition, Solana has criticized the maximum value -valuable practices (MEV), which allows the resistance to rearrange transactions for profit.

X User R89CAPITAT SAPTERSE STIPTINESTOR ShOUSTS, noting that ETHEREM supporters “are right about companies” based on the ecosystem of class 2, but “a mistake in being optimistic about ETH”. Basically, Rollups bears a very low data processing, encouraging adoption, but it does not generate a meaningful request on the eth itself.

VIKTOR BUNIN, a protocol at Coinbase, noted that the interconnection within the ecological system of ETHEREUM 2 is still a major obstacle. The absence of incentives for “big players for cooperation” led each team to follow up isolated solutions. Bonin believes that calm progress will require direct participation from the Ethereum Foundation.

To measure whether professional traders lose confidence in ETH prices, it is useful to check the Eth Delta Sky options. In landfire conditions, PUT (sale) options tend to trade with similar cruel call options, and pushing the index above the neutral threshold by 6 %.

Currently, Skew Options ETH is 1 %, indicating that traders see an equal possibility of price movements in either direction, which is a reading unchanged from the previous week.

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The lack of confidence in the derivatives of Al -Atheer enhances the idea that merchants have no slight condemnation of the ETH ability to restore the level of $ 3,200. Some of this caution is likely to stem from launching the first trading box for Solana Solana (ETF) in the United States on Wednesday.

Not only did Solana Etf lead to lead ETH between Altcoins, but also raised the tape by integrating the integrated wealth. Unless Ethereum could provide ETH holders direct benefits from the distinctive symbol and institutional adoption, a continuous gathering in the short term seems unlikely.

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.