Key results:

• Ether tries to get a stubborn rush, despite the S&P 500 profits and sees the influx of ETF ETF.

• Institutional accumulation continues, but network activity decreases, leaving the target 5000 USD uncertain.

Ether (ETH) has traded in a narrow range from 4,200 to 4500 USD in the last two weeks, the consolidation period after a tiny meeting with high all time in the amount of USD 4,956 on Thursday after the faint hand-than-service is now the US market data.

Eteru Futures are currently trading at 5% Premium compared to standard ETH point markets, reflecting low demand from the buyers using the lever. In neutral market conditions, Futures contributions usually range from 5% to 10% to reflect the longer accounting period. More disturbing, so even above $ 4,800 in August, it was not possible to arouse enduring stubborn moods among traders.

The bear trend in ether derivatives coincided with 10 consecutive days of net outflows from Ethereum Spot Exchange (ETF) rotary funds, which lasted until Monday. The reversal of trends, and then $ 216 million, ETF net revenues on Tuesday and Wednesday, did not cause much to generate a enduring rush, leaving traders asking if the target price of ETH in the amount of USD 5,000 remains realistic for 2025.

Part of the disappointment of Ether’s investors can be assigned a decrease in Ethereum network fees, although this problem has affected the entire cryptocurrency market.

Ethereum chain fees amounted to $ 42 million in 30 days, which is a 7% decrease compared to the previous month. For comparison, the throne fees dropped by 12%, and Solana recorded a 2%decrease. The number of vigorous addresses on the basic layer of Ethereum remained flat, while layer 2, such as the base, arbitrum and polygon, recorded significant declines.

Related: Spot ETH ETFS bleeded USD 1 billion in a 6-day drain series, because the optimism cut out the rate disappears

The institutions are constantly buying an ether, despite a decrease in activity in the area

Despite the lower activity at Onchain, institutional investors still add positions aimed at long -term reserves. Bitmine Immersion Tech (BMNR) has added 202 500 ETH to its balance sheets in the last seven days, according to the strategic ETH reserve dataworth over $ 880 million. The investment vehicle listed by the USA currently has over $ 9.1 billion in ether.

Recent profits in the S&P 500 index do not necessarily indicate positive expectations regarding a wider economy. Traders have become more sure that the US Federal Reserve would be forced to reduce interest rates after the initial claims regarding the unemployed benefits have reached the highest level from October 2021.

The stock market is more and more like gold than established risk assets, offering dividends and purchase based on earnings, while cryptocurrencies, such as ether, remain more risky due to the fear of economic slowdown. Therefore, the path to the price of USD 5000 largely depends on the lower macroeconomic uncertainty.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.