ETH briefly touches $3K but traders remain skeptical: Here’s why

Ether price surged to $3,000 on Tuesday, but lagged behind the US stock market rally as muted demand for ETH derivatives and growth in competing blockchains kept traders skeptical.

Key takeaways:

The ETH futures premium and the put options skew indicate that traders are hedging aggressively despite an 8% price rebound.

Ethereum’s weekly fees slid 49% amid weakened DEX activity, while Tron and Solana fees rose 9%.

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