ETHEREUM bulls show interest with merchants’ confidence in ETH level improved $ 1.8,000

Main meals:

• Traders are still cautious about the ETH price, but optimistic feelings began to return.

• On May 7, Ethereum Pectra upgrade can enhance investor morale, but ETH price procedures show that investors are still hesitant to open new jobs.

Ether (EthLess than 1900 dollars has been traded since March, prompting investors to ask whether the failed attempt to restore $ 4,000 in December 2024 indicates the end of the leading Altcoin era. Fears continue to install as the derivative market data shows that professional traders are still cautious about ETH price expectations.

Eth Monthly futures contracts It should be traded by 5 % or more compared to the topical markets to compensate for the longer settlement period, but this indicator has kept less than the neutral threshold.

Part of the lack of enthusiasm stems from disappointment with the United States government, where the ether was classified alongside the other altcoins in the “Digital Asset Stock” Executive order On March 6. The Trump administration decided that bitcoin only (BTCIt was important enough to include it in the “strategic reserve”. Practically, the government of the government maintains can already be maintained, but it is not recently obtained.

The maximum ETHER market is less than the four best competitors

For the first time ever, in April 2025, the ETHER market value decreased from the common value of the four largest competitors: Solana (Teller), BNB, Cardano (Lead) And tron ​​(TX).

After the bounce of its lowest levels near $ 1,400, the total market value in ETHER is now 217 billion dollars, which is enough to exceed the common value of its four main competitors. However, unless the ether is constantly outperforming these competitors, the feelings are unlikely to improve. Some traders have great hopes in the next “Petra” Network upgradeBut the current derivative data does not reflect the upscale view.

ETher also coincided with the weak demand for the Ethereum spot Trading trading fund (ETF) in the United States. The institutional interest was not present, although the ETH price increased from $ 2,400 to $ 4000 between October and 2024 December. On the other hand, Bitcoin’s investment funds have witnessed more than 50 billion dollars in October 2024 to $ 110 billion currently.

Ethereum performs in TVL, but there is hunting

Although Ethereum is still dominant in terms of the total value (TVL), it has struggled to match the integrated user experience in Solana or TON’s dominance in Stablecoin sector. Traders seem not interested in the upper decentralization of ETHEREUM or improve security, especially for activities that involve frequent deposits and clouds, as Layer-2 solutions provide limited benefits.

The absence of demand for the eTh -learned ETH sites does not necessarily mean that professional traders expect further prices. If whales and market makers are unwilling to provide negative protection, this will be reflected in the ETH options markets, indicating an increased risk of contraction in the market.

Unlike some expectations, options (sale) are traded (sale) at levels similar to contact options (purchase). It is worth noting that professional merchants are now more comfortable with negative risks than they were two weeks ago. Although ETH derivatives do not indicate strong difficulty, they also do not indicate that professional merchants are concerned about more declines at current price levels.

Related to: 3 Lamm

There is an opportunity to upgrade the upcoming “Pectra” network It affects positively Ether price. It is scheduled to be held on May 7, this event may renew the investor’s interest in the project by blocking the gap with some of its competitors. The evaluation mechanisms designed for institutional investors can lock more ETH in the auditor’s contract, reducing the circulating offer. Historically, ETHEREUM promotions are often associated with short nails at the ETH price.

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.