Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Russia’s EAEU Trade Reaches 93% De-Dollarization in Blow to US Dollar Dominance

May 18, 2025

Arthur Hayes: Bitcoin to Hit $1M Amid Capital Flight, US Treasuries Crash

May 18, 2025

Robert Kiyosaki’s Bitcoin Advice: ‘Buy More, Do Not Sell’—BTC to Hit $250K This Year

May 18, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Russia’s EAEU Trade Reaches 93% De-Dollarization in Blow to US Dollar Dominance

    May 18, 2025

    Arthur Hayes: Bitcoin to Hit $1M Amid Capital Flight, US Treasuries Crash

    May 18, 2025

    Robert Kiyosaki’s Bitcoin Advice: ‘Buy More, Do Not Sell’—BTC to Hit $250K This Year

    May 18, 2025

    Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts

    May 18, 2025

    Shares of Chinese Apparel Firm in Choppy Trading After Announcing $800,000,000 Bitcoin and Crypto Investment Strategy

    May 17, 2025

    A Dozen New Defendants Charged in Alleged RICO Conspiracy Tied to $263,000,000 Crypto Theft

    May 17, 2025

    A Bitcoiner’s guide to South Africa’s Garden Route

    May 17, 2025

    Bitcoin to $250K in 2025 ‘totally possible’ — crypto analyst Scott Melker

    May 17, 2025

    Bitcoin breaks out while Coinbase breaks down: Finance Redefined

    May 16, 2025

    51% attack on Ethereum more difficult than on Bitcoin — Justin Drake

    May 16, 2025

    Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked

    May 16, 2025

    Ethereum Building Up Momentum Before a Massive Breakout, Predicts Michaël van de Poppe – Here Are His Targets

    May 15, 2025

    Altcoins are on the verge of ‘most powerful rally’ since 2017 — Analyst

    May 16, 2025

    XRP price path to $3.40 remains intact — Here is why

    May 16, 2025

    Judge’s settlement rejection has no effect on legal victory

    May 16, 2025

    The emergence of Sonic and what it means for DeFi: Report

    May 16, 2025

    Russia’s EAEU Trade Reaches 93% De-Dollarization in Blow to US Dollar Dominance

    May 18, 2025

    Arthur Hayes: Bitcoin to Hit $1M Amid Capital Flight, US Treasuries Crash

    May 18, 2025

    Robert Kiyosaki’s Bitcoin Advice: ‘Buy More, Do Not Sell’—BTC to Hit $250K This Year

    May 18, 2025

    Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts

    May 18, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    3 Crypto Coins Getting Ready to EXPLODE! “This Will Shock People”

    May 17, 2025

    Bessent Revealed ALL: Trump's Crypto Plans & Trade Deals!

    May 17, 2025

    SOLANA WILL PUMP ON THIS DATE ($5 BILLION FTX PAYOUT)

    May 17, 2025

    It Started: Bitcoin About To Go INSANE

    May 16, 2025

    Coinbase SEC Probe: 100M Users? Is This the New SBF?

    May 16, 2025
ApeWatcher News
Home » Ethereum price falls to 2-year low, but pro traders still have hope
Ethereum price falls to 2-year low, but pro traders still have hope
Ethereum

Ethereum price falls to 2-year low, but pro traders still have hope

Coin TelegraphBy Coin TelegraphApril 7, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Ether (ETH) price dropped to $1,410 on April 7, marking its lowest level since March 2023. This sharp decline triggered liquidations of leveraged ETH futures worth over $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark as the S&P 500 index reclaimed its psychological 5,000 support level.

Ether/USD (blue) vs. total crypto market capitalization (magenta). Source: TradingView / Cointelegraph

Over the past 30 days, Ether has underperformed the broader cryptocurrency market by 14%. Despite this, professional traders are not yet ready to turn bearish, as suggested by Ethereum’s derivatives data and onchain metrics. While this data does not guarantee that Ether’s price has reached its bottom, the reduced demand for bearish positions below $1,600 offers some reassurance for bullish investors.

Ether 2-month futures annualized premium. Source: laevitas.ch

On April 7, the Ether monthly futures premium rose to 4% after dipping to 3% earlier in the day. Although still below the neutral threshold of 5%, this marks an improvement from March 31, when the indicator hit a low of 2%. Currently, there is a noticeable lack of demand from long positions (buyers), but this is not unusual following a steep 30% drop in ETH’s price over the past month.

Ether is a victim of worsening macroeconomic conditions

Investors remain concerned that escalating global trade tensions could lead to an economic recession and reduce interest in risk-on assets. This scenario also weakens the potential positive impact of a possible interest rate cut during the US Federal Reserve’s (Fed) next meeting on May 6-7. Typically, such a move would benefit the cryptocurrency market by lowering returns on fixed-income investments.

Despite US President Donald Trump’s strong push for interest rate cuts, as expressed in his Truth Social post on April 7, Fed Chair Jerome Powell remains cautious about inflation trends. Powell reportedly stated on April 4: “It is too soon to say what will be the appropriate path for monetary policy,” according to Yahoo Finance.

Adding further pressure to Ether’s price was Ethereum developers’ decision to delay the Pectra upgrade, originally scheduled for April. Developers have now set May 7 as the target date for its mainnet launch but provided no specific reason for the delay. This comes even though the Hoodi testnet upgrade was successfully implemented on March 26.

Ether derivatives display moderate resilience while Ethereum TVL jumps to an all-time high

Given the negative news flow, one might have expected Ether bears to dominate the market entirely. However, derivatives data suggests that bears are not as confident as anticipated. When traders foresee a correction, put (sell) options tend to trade at a premium, pushing the 25% delta skew metric above 6%. Conversely, during bullish periods, this indicator typically falls below -6%.

Ether 30-day options skew (put-call) at Deribit. Source: Laevitas.ch

Currently, the ETH options skew stands at 10%, the same level as March 31, which remains within bearish territory. However, this reading is significantly less extreme compared to May 2024, when it peaked at 20% amid a sharp ETH price drop from $3,700 to $2,860 within five weeks. In essence, while Ether derivatives markets signal bearish sentiment, they do not reflect panic levels.

Onchain data for Ethereum shows resilience despite broader market challenges. The total value locked (TVL) on the Ethereum network reached an all-time high of 30.2 million ETH on April 6—a 22% increase compared to the previous month. This growth outpaced Solana’s 12% increase in SOL (SOL) terms and BNB Chain’s 16% TVL rise during the same period. 

Ultimately, macroeconomic conditions remain the primary driver of cryptocurrency demand. However, when analyzing Ether derivatives data and Ethereum’s TVL performance, it appears that ETH’s price downside may be limited.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin breaks out while Coinbase breaks down: Finance Redefined

May 16, 2025

51% attack on Ethereum more difficult than on Bitcoin — Justin Drake

May 16, 2025

Starknet hits ‘Stage 1’ decentralization, tops ZK-rollups for value locked

May 16, 2025

Ethereum Building Up Momentum Before a Massive Breakout, Predicts Michaël van de Poppe – Here Are His Targets

May 15, 2025

Tether blacklist delay allowed $78M in illicit USDT transfers: Report

May 15, 2025

Tron’s USDT supply to surpass Ethereum’s with new $1B mint

May 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Russia’s EAEU Trade Reaches 93% De-Dollarization in Blow to US Dollar Dominance

May 18, 2025

Arthur Hayes: Bitcoin to Hit $1M Amid Capital Flight, US Treasuries Crash

May 18, 2025

Robert Kiyosaki’s Bitcoin Advice: ‘Buy More, Do Not Sell’—BTC to Hit $250K This Year

May 18, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.