Ethereum has struggled to sustain the all-important $2.5K level. It’s currently trading in a tight zone between $2.75K and $2.4K ever since May 10.
It’s worth noting that even after the recent 9% decline in $ETH’s prices, the annualized premium stands at 6%. This means that $ETH futures are currently at a 6% premium compared to spot.
In simple words, traders are willing to pay more for $ETH than its spot price, indicating an overall neutral-to-bullish sentiment.
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Read on as we discuss the ongoing market sentiments around Ethereum. We’ll also suggest the best crypto to buy now to ride the upcoming $ETH-fueled crypto rally.
Ethereum’s Positive Market Data
A possible reason for the decline in $ETH’s price might be investors losing interest in dApps across
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