- Ether (ETH) price dropped 4% after reaching $3,940, following a wider crypto market correction.
- Futures and options market data show no signs of traders taking defensive positions despite the price fall.
- ETH annualized futures premium remains at 8%, the highest in almost five months.
- Spot Ether ETFs in the U.S. have attracted $4.23 billion in net inflows since July 11, raising total assets to $17.24 billion.
- Over 40 companies now hold at least 1,000 ETH in reserves, signaling growing institutional interest.
Ether (ETH) experienced a 4% price decline after hitting $3,940 earlier in the week. The drop mirrored a broader downturn across the cryptocurrency market and was not driven by any event specific to ETH.
Data from ETH derivatives markets, such as futures and options, showed no move toward defensive trading, indicating ongoing confidence among traders. The annualized premium for ETH futures contracts currently stands at 8%, which is the highest level seen in the past five months.
Options market data reflects balanced expectations for upcoming price movements. The 30-day delta skew, a measure used by traders to gauge the likelihood of downward price swings, did not rise above its neutral line. According to the article, “professionals did not turn defensive after ETH reached its highest level in seven months.”
Increased demand from spot Ether exchange-traded funds (ETFs) has been a primary factor underpinning ETH’s recent strength. From July 11 to the latest reporting date, U.S.-listed Ether ETFs gathered $4.23 billion in net inflows, lifting their total assets to $17.24 billion.
Corporate holdings of ETH are also rising. Data from StrategicEthReserve shows that over 40 companies now hold 1,000 ETH or more, valued at about $3.8 million each at current prices. Notably, firms like Bitmine Immersion Tech, SharpLink Gaming, and The Ether Machine collectively hold ETH worth $8.84 billion.
Comparatively, only eight U.S.-listed companies, excluding top Bitcoin-focused firms like Strategy and conglomerates, possess more than $1 billion worth of Bitcoin. ETH-focused corporate adoption is gaining ground rapidly, according to the source.
Looking ahead, ETH traders remain cautiously optimistic as institutional interest and steady derivatives activity suggest a possible move above $5,000 if current trends persist.
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