Can ETH price Hit $5,000 anytime soon? The data says yes.
ETH futures and options data show no signs of defensive positioning despite Ether's seven-month price high.) price fell 4% after briefly touching $3,940 on Monday. This drop aligned with the broader cryptocurrency market correction, suggesting that no ETH-specific factors triggered the move. While some traders may have been spooked, Ether derivatives held steady, indicating that a potential rally toward $5,000 remains on the table.
To determine if this trend is limited to futures markets, the options skew metric should be considered. When large traders and market makers anticipate downside risk, the 30-day delta skew rises above the 6% neutral line.skew reflects balanced expectations for price movement, in contrast to the 8% optimism seen a week earlier. The fact that professionals did not turn defensive after ETH reached its highest level in seven months signals continued confidence from whales and market makers.
The most significant driver of ETH’s recent strength has been spot Ether exchange-traded fund inflows. This sets ETH apart from competing assets. Between July 11 and Friday, Ether ETFs posted $4.23 billion inAccording to StrategicEthReserve, over 40 companies hold at least 1,000 ETH in corporate reserves — equivalent to $3.8 million at current prices.
From a derivatives market view, ETH traders remain cautiously optimistic. As long as institutional demand holds steady, a move above $5,000 in the short term remains a realistic scenario. 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.Price predictions 7/28: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE
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