ETH derivatives show weak momentum despite strong ETF inflows.
\nEthereum\u2019s network activity and TVL continue to decline.
\nTechnical analysis hints at long-term upside, but traders stay cautious.<\/p>\n
Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time.<\/p>\n
However, despite this rally and strong spot ETF inflows<\/a>, derivatives market data paints a very different picture, casting doubt on whether Ethereum can break through the psychologically significant $4,000 level any time soon.<\/p>\n In essence, the disconnect between bullish institutional inflows and weak derivatives metrics raises several questions for market participants.<\/p>\n Is Ethereum\u2019s recent rally sustainable, or is it merely a reflection of speculative optimism driven by ETF hype?<\/p>\n Furthermore, are investors losing confidence in Ethereum\u2019s network fundamentals amid rising competition from rival blockchains?<\/p>\n While Ethereum\u2019s spot market has been energised by inflows into exchange-traded funds, futures data shows traders are hesitant to commit to leveraged bullish positions.<\/p>\n As of Thursday, the annualised funding rate for ETH perpetual futures had fallen back to 9%, down from 19% earlier in the week, with the ETH OI-weighted funding rate dropping to 0.0043% from 0.0163% on July 21.<\/p>\n\n This suggests waning demand for long positions, even after a near 46% gain in ETH price since early July.<\/p>\n This behaviour is unusual. Historically, rising prices coincide with stronger futures premiums, yet the current trend indicates hesitation.<\/p>\n The 3-month ETH futures premium has also softened slightly to 6%, down from 8% just days ago.<\/p>\n While this still sits within a neutral range, it reveals a reluctance among whales and market makers to bet aggressively on further price appreciation in the near term.<\/p>\n The cautious tone in derivatives is likely being fueled by stagnant on-chain activity.<\/p>\n Ethereum\u2019s total value locked (TVL)<\/a> dropped to a five-month low of 23.4 million ETH, falling 11% in just 30 days.<\/p>\n That sharp decline comes despite ETH\u2019s rising dollar value and highlights a significant reduction in the volume of assets being deployed within the ecosystem.<\/p>\n In contrast, Solana\u2019s TVL only fell 4% during the same period, while BNB Chain\u2019s TVL rose 15% in native token terms.<\/p>\n These shifts show that competing platforms are either maintaining or growing their utility at a time when Ethereum\u2019s activity appears to be plateauing.<\/p>\n Even more concerning is Ethereum\u2019s decline in dominance among decentralised exchange (DEX) volumes.<\/p>\n According to DefiLlama<\/a>, Ethereum recorded $81.32 billion in DEX activity over the past month.<\/p>\n Solana surpassed that with $82.9 billion, while BNB Chain led with a staggering $189.2 billion.<\/p>\n These figures highlight that Ethereum is no longer the go-to platform for certain core DeFi activities.<\/p>\n Despite lukewarm derivative activity, technical analysts remain divided on Ethereum\u2019s future trajectory.<\/p>\n Popular investor Ivan On Tech has pointed to a symmetrical triangle pattern that could lead to a breakout toward $7,709, more than double the current price.<\/p>\n ETHEREUM BREAKING OUT ON THE MONTHLY!!!!!!!!!!!!<\/p>\n TARGET $7,700 \u2014 Ivan on Tech \ud83c\udf73\ud83d\udcc8\ud83d\udcb0 (@IvanOnTech) July 20, 2025<\/a><\/p>\n\n Meanwhile, another analyst, Mikycrypto Bull, has identified a long-term ascending triangle formation dating back five years, which could theoretically launch ETH as high as $16,700.<\/p>\n ETHEREUM IS SET FOR A MACRO BREAKOUT <\/p>\n IT WILL SPARK OFF A HUGE ALTSZN IF IT HAPPENS <\/p>\n A VERY CRITICAL MOMENT FOR ETHEREUM pic.twitter.com\/IoZX77DvmR<\/a><\/p>\n \u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) July 30, 2025<\/a><\/p>\n\n Adding to the bullish sentiment is a recent MACD crossover on the monthly chart, a signal that has preceded major rallies in previous cycles.<\/p>\n However, while long-term technicals hint at explosive potential, short-term forecasts are more cautious.<\/p>\n ETH must first break through $4,100 and hold above $3,700 to sustain its upward momentum.<\/p>\n Institutional and corporate adoption of Ethereum continues to grow.<\/p>\n Firms such as SharpLink Gaming and World Liberty Financial have accumulated substantial ETH reserves in recent months.<\/p>\n SharpLink now holds over 438,000 ETH and actively stakes its assets to generate passive income.<\/p>\n World Liberty Financial has acquired over 77,000 ETH, with recent purchases near $3,294 per coin.<\/p>\n These moves suggest that some institutions are positioning Ethereum as a long-term strategic asset.<\/p>\n Their investments reflect confidence in Ethereum\u2019s evolving role as foundational infrastructure for decentralised applications and finance.<\/p>\n The post Ethereum price prediction: ETH derivatives data shows weak momentum<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" ETH derivatives show weak momentum despite strong ETF inflows. Ethereum\u2019s network activity and TVL continue to decline. Technical analysis hints at long-term upside, but traders stay cautious. Ethereum (ETH) has seen a strong price surge in recent weeks, gaining more than 54% over the past month and trading at around $3,755 at press time. However, […]<\/p>\n","protected":false},"author":0,"featured_media":4452,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-4451","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4451"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4452"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Derivatives market tells a cautious tale<\/h2>\n
Ethereum network weakness frustrates investors<\/h2>\n
Technical analysis signals a mixed ETH price outlook<\/h2>\n
YES
OOOH YES GUYS pic.twitter.com\/z0sZvKxOYW<\/a><\/p>\nCorporate confidence grows amid market doubts<\/h2>\n