The price of ether (ETH) stabilized nearly 2,300 USD after a acute decline by 20% in three days, reaching a low level of USD 2255. This decline shook the sentiment of the market, because the ether was not traded at these levels since October 2024. However, the ETH derivative instrument market has early signs of recovery and strength, which suggests a potential reflection to USD 2800.
Ether 30-day Futures bonus, annual. Source: laevitas.ch
The 30-day Futures ETH currently trades in the amount of 7% of the spot bonus, slightly compared to 6% two days ago. Premy from 5% to 10% are considered neutral, because traders usually expect higher returns in the longer settlement period. This change indicates the weaker pressure of bears below 2600 USD, which can enhance trust among stubborn investors.
Impoverished macroeconomic conditions deter price recovery
The ETH journey reached 2800 USD again, it may take weeks or months, but the data suggest that the lowest price is likely in the past. Despite this, the recovery speed depends on the investor’s caution, and recent unemployment in the USA and inflationary concerns.
American claims in a week ending on February 22 achieved seasonally corrected 242,000, the highest for three months. In addition, in January in January in the USA it will not fall to a record low level, which is a 4.6% decrease compared to the previous month, in accordance with the National Association of Realtors. Economists surveyed by Reuters, as reported by Yahoo Finance, had anticipated Less drop in 1.3%.
Investors are increasingly concerned about up-to-date import tariffs announced by US President Donald Trump, focused on goods from China, Canada and Mexico. Trump too threatened According to CNBC, according to CNBC, 25% tariff for imports from the European Union, which prompted the EU to promise the company and quickly respond to dishonest trade restrictions.
NVIDIA shares fell by 3.3% 27 February, despite exceeding the quarterly profit forecasts and ensuring robust tips for Q1 2025, which reflects the investor’s nervousness. Meanwhile, gold prices fell by 2.2% in two days, moving to the two -week lowest level of 2870 USD, emphasizing wider market fears affecting even sheltered assets.
Ether options markets display immunity despite the price accident
Ether 60-day options 25% Delta sketch (Put-Call). Source: laevitas.ch
Currently, ETH options are -2%, sits conveniently in a neutral range from -6%to 6%. This suggests resistance among market whales and producers, especially noteworthy, because the ETH price has dropped by 20%. Despite the inheritance, there is no significant rush to buy options, which indicates trust in the market.
The current market conditions resemble February 3, when the ETH price dropped by 38% in less than three days, falling from USD 3,437 to USD 2124. At that time, the ETH Delta SKW metric remained almost zero, reflecting the confidence of the solid market. The ether quickly recovered $ 2750 during the day and maintained the support level of USD 2550 for the next two weeks.
Related: NVIDIA revenues increased by 80% from the “amazing” demand for AI systems
Eterra’s path up to 2800 USD remains possible as its key competitor, Solana, stands in the face of a decrease in the shoot in the Memecoin sector. Meanwhile, Ethereum maintains its dominance in total blocked value (TVL), powered by robust demand for liquid guard, borrowing, performance aggregators and automatic liquidity protocols on the area.
The rate of recovery of ETH prices largely depends on the Ethereum to deliver planned improvements and supporting the incentives to develop your own layer 2 solutions. This, in turn, increases the usefulness of the basic layer and strengthens the prizes set, creating a clear path of ETH prices.
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.
