Key results:

• The price of ETH increased by 22% on May 8, but the demand for ETF ETF and derivatives remains muted.

• The reversal of President Trump on some Altcoins is in line with the renovated ETH perspectives.

Ether (Eth) noted an impressive enhance of 29% between May 8 and 9, probably meaning the end of a 10-week bear, which amounted to USD 1385 on April 9. This acute movement caused the liquidation of over $ 400 million in low (sell) ETH future position, which suggests that whales and market creators.

Despite the growth, traders retained a neutral attitude in the field of ETH derivatives. Whether this apparent lack of conviction reflects the real reversal of the trend or whether it precedes another $ 2000 test, it will just turn out.

The Eth Futures bonus has not yet exceeded the 5% threshold usually related to the neutral market, which indicates that the demand for stubborn leveled positions remains clearly confined. Continuous worse ETH results – transferring the capitalization of the Altcoin market by 17% in 2025 – Helps explain the prevailing lack of investors’ trust.

Some analysts interpret this as openly for further low cover, while others say that the basic foundations of Ethereum are not yet improving.

Ethereum maintains leadership in decentralization and TVL

Regardless of the price of Ether, the last network updates significantly increased the scalability of layer 2. More importantly, they helped consolidate the position of Ethereum as a leading platform in terms of decentralization and security. This is reflected in the total value of Ethereum (TVL), which is $ 64 billion. For comparison, the three largest direct competitors – Solana, BNB chain and throne – accumulate total blocked value (TVL) in the amount of USD 22.3 billion.

Constrained demand for ether rotational funds (ETFS) appeared as a key warning sign. According to Farside Investors, even the strongest one -day price results in four years did not prevent net outflows on the third day in a row. Only May 8 ETF on the Ether Ether list in the US experienced net drains with a total value of $ 16 million.

The muffled enthusiasm after the last stubborn Ether’s momentum can be partially attributed to a acute decline in the Ethereum charges from January to April. Reduced network activity reduces the general demand for ETH and negatively affects the net plaques, because the mechanism of combustion of the protocol is based on the competition on data processing.

Eth option markets also offer insight into whether whales and market manufacturers provide for further inheritance risk.

Currently, PUT options (sale) are trading at similar levels as equivalent connection options (buy), which indicates a neutral sentiment. This result is a bit discouraging for ether bulls. Nevertheless, Ether can regain the market attention after US President Donald Trump has reversed his position after previous public supports competing with Altcoins.

Related: Ether clocks “crazy” 20% candle after pectra – turning point?

According to the Politico report published on May 8, President Trump believed that he was “used” and broke the relationship with the lobbyist, who reportedly proposed the idea of ​​a strategic cryptographic reserve. While Trump’s post in social media on March 2 mentioned Solana (SOL), Cardano (ADA) and XRP, another executive order “Digital Asset Stockpile” issued a much more restrained tone.

Despite the perceptible apathy both on the ether derivative market and the ETF spot, the rally towards the level of 2,700 USD remains likely – especially if the mood of investors change in response to unsuccessful lobbying efforts undertaken by some Ethereum competitors.

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.