Key takeaways:
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ETH derivatives exhibit a fading bullish appetite as Ethereum’s TVL declines and network fees decrease, reinforcing persistent risk aversion.
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US job layoffs climb, and seasonal hiring weakens, leaving traders waiting for fresh liquidity before rebuilding confidence in ETH’s near-term upside.
Ether (ETH) has climbed 15% from its $2,623 low made last Friday, yet derivatives metrics show traders remain cautious. The absence of bullish leverage from top ETH traders, combined with…
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