Ethereum’s price has risen to 1,861 USD, marking a 6.4% increase since its low of 1,768 USD on March 30. However, the cryptocurrency struggles to reach the 2,000 USD threshold, with pro traders showing little interest in buying ETH.
Pro traders express indifference toward purchasing ETH, signaling a bearish outlook. Ether futures premiums remain below the neutral threshold, indicating lack of bullish sentiment and risk-averse behavior among traders.
Despite a 49% drop in revenue from Ethereum DApps, stablecoin holdings on the network hit 124.5 billion USD, showing potential for growth. The market remains cautious, with both professional and retail investors displaying reluctance to engage aggressively.
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