Ethereum price may have bottomed, but pro traders show little interest in buying ETH

Ether (ETH) price has risen 6. 4% from its March 30 $1,768 low but the altcoin has struggled to regain the $2,000 level. Some traders believe that the downturn is partially connected to the deflating memecoin market, which, while not exclusive to the Ethereum network, significantly reduced activity across the decentralized applications (DApps) ecosystem and broader crypto space. Ether is currently 44% down year-to-date, and derivatives metrics indicate that traders are far from bullish and show little confidence in a strong recovery in the near term source: https://cointelegraph.com/news/ethereum-price-may-have-bottomed-but-pro-traders-show-little-interest-in-buying-eth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound