A key Ethereum price metric hits a 6 month low as ETH falls below $3K

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Ethereum’s futures premium hit a 6 month low and noshitcoins says shifting macroeconomic sands and the growth of competing blockchain networks are pushing pro traders to feel bearish about ETH.

) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve's December FOMC meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022.

The concerning part of Vitalik's interview was the status of the Ethereum 2.0 upgrade, which is merely halfway implemented after six years. The subsequent roadmap phases include the"merge" and"surge" phases, followed by"full sharding implementation." When implemented, they will lead to an 80% estimated completion of the network upgrade, according to Buterin.

Due to network upgrade delays, worsening macroeconomic conditions and a 3-month long price correction, professional traders are clearly becoming frustrated and anxious.Quarterly futures are usually the preferred instruments of whales and arbitrage desks due to their settlement date and the price difference from spot markets. However, the contract's biggest advantage is the lack of a fluctuating funding rate.

 

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You guys don’t understand how these metrics work, do you? “[ETH] is currently down 34% from its ATH… (TVL) has dropped by 17% since Ether’s price peak.” If the TVL has dropped by a lesser percentage than token price then TVL has effectively increased.

Remember me : BUY IN THE DIP!!

High gas fees and delayed upgrade is one of the major problem ethereum is facing. It's been six years since eth 2.0 has been in the works and they're Just about 50% complete now. Ethereum is losing the market share and their locked volume are decreasing. Eth should improve faster

Just bought the dip

Not worried, will continue to buy seeing as the entire network will be upgraded and become very close to if not deflationary.

Maybe time to talk obsolescence of Ethereum & blockchain. Bitcoin has value as digital gold, but all blockchain has been made obsolete by hedera Hashgraph . veojoby crypto cnbc cnbc KitcoCrypto $btc $eth $sol $doge dogecoin $xrp $usd maga

Wow. Good time to invest some usdt in ETH btw.

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We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people how to earn 0.1BTC ($3,600) and more daily without sending out funds to anyone. No referral No withdrawal fees If interested, kindly send a DM

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