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Ethereum derivatives show no momentum, raising doubts over $4K rally

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 25 Views

Despite strong ETF inflows, ETH traders remain cautious as competitive pressures and weak network activity persist.

Key takeaways:

Derivatives data shows traders remain wary despite the recent ETH price gains and strong ETF inflows.

Ethereum faces competitive pressure from Solana and BNB Chain amid stagnant network activity growth.

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