Ethereum on-chain data hints at further downside for ETH price - BitcoinEthereumNews.com
एफटीएक्स पर ईथर की कीमत, अमरीकी डालर में। स्रोत: ट्रेडिंग व्यू Currently, traders fear that losing the descending chanel support at $2,850 could lead to a stronger price downturn, but this largely depends on how derivatives traders are positioned along with the Ethereum networks on-chain metrics. According to Defi Llama, the Ethereum networks total value locked (TVL) flattened in the last 30 days at 27 million Ether. TVL measures the number of coins deposited on smart contracts, including decentralized finance (DeFi), nonfungible token (NFT) marketplaces, gaming and high-risk applications. The Ethereum networks average transaction fee increased to $13 after bottoming at $11.50 on April 20 but one should analyze whether this reflects decreased use of decentralized applications (DApps) or merely if it is users benefiting from layer-2 scaling solutions. Ethers futures premium tilts toward bears Traders use Ether futures market data to understand how professional traders are positioned, but unlike the standard perpetual futures, the quarterly contracts are whales and market makers preferred instruments because they can avoid the fluctuating funding rate. The basis indicator measures the difference between longer-term futures contracts and the current spot market levels. In neutral markets, the Ether futures anualized premium should run between 5% to 12% to compensate traders for