Ether price surged to $3,000 on Tuesday, but lagged behind the US stock market rally as muted demand for ETH derivatives and growth in competing blockchains kept traders skeptical.
Key takeaways:
The ETH futures premium and the put options’ skew indicate that traders are hedging aggressively despite an 8% price rebound.
Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%.
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